Fed Chairman Says He “Sympathizes” With #OccupyWallStreet, Rebuts Their Attacks On Fed

November 3rd, 2011 (2) Posted By bear.

NEW YORK (CNNMoney) — America’s top central banker “sympathizes” with the Occupy Wall Street protesters and thinks many of their frustrations with the sluggish economy are “understandable.”

But there’s one complaint Ben Bernanke does take issue with: the backlash against the Federal Reserve.

“I think that the concerns about the Fed are based on misconceptions,” he said at his news conference Wednesday.

The Occupy Wall Street protests, which started in New York in September and have since spread around the world, are known for their ever-evolving and diverse list of grievances. Among them are the common themes of distaste for the banking system and frustration with government.

With that in mind, the Fed is perfectly situated as a whipping boy for the Occupy demonstrations. The Fed was created by and reports to Congress. Its top leaders are appointed by the president.

Jihadi Killer Radio Hour
Follow Pat on Twitter
  • Joe Mudd

    Hey BEN the fed was created by congress in 1913, —– 99 years ago
    by the most corrupt politicians ever to (dis) grace washington DC.
    The secret meetings on Jekyll Island in 1910 set up the legislation
    that was later passed by congress in 1913 that allowed commercial banks
    to print money from thin air and then charge the american taxpayer interest
    on that which wasn’t theirs in the first place. anyway go here and check
    out just the reviews to get a peek.
    http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212/ref=sr_1_1?ie=UTF8&qid=1320381284&sr=8-1

    So Ben your federal Reserve deserves ALL the blame, EVERY BIT
    as you sir and your accomplices play the BAIL OUT game and then
    print money that makes us all poorer and poorer and poorer each passing
    day because what you really print is inflation. For 100 years INFLATION.
    END THE FED. 

  • Bobby E.

    He sympathizes with them as long as they’re not going after his ass. It doesn’t matter if the rest of us have to deal with these vandals.