5 chapters across the catalog
The Federal Reserve's announcement of QE3 is satirized through a "Minionville" cartoon script featuring "The Bernank." The segment mocks Ben Bernanke's lack of business or policy experience and the perceived absurdity of the Fed's attempts to manage the economy through endless monetary expansion.
Ben Bernanke ABC Interview, QE3, Financial Crisis
Federal Reserve Chairman Ben Bernanke appeared in a soft-focus interview with Diane Sawyer on ABC News, discussing his role in navigating the 2008 financial crisis. The segment featured Bernanke's office couch and addressed his "nerd" persona while hinting at the possibility of further monetary easing through QE3.
Market Crash Leaks, Quantitative Easing Speculation
Speculation arises that the S&P downgrade was leaked prior to the Friday market close, potentially explaining the Thursday market crash. Theories regarding the downgrade include a billion-dollar hedge bet, a setup for a third round of quantitative easing (QE3), or a political maneuver to allow the Bush tax cuts to expire.
Moody's Credit Ratings, Conflict of Interest and Revenue
Moody's Investors Service reports a 56% profit increase driven by bond sales, highlighting a potential conflict of interest where entities pay for their own credit ratings. Speculation arises that ratings agencies may use the threat of downgrades to spur the issuance of more debt or a third round of quantitative easing (QE3).
Strategic Petroleum Reserve Release and QE3 Predictions
The Obama administration's decision to release oil from the Strategic Petroleum Reserve (SPR) is analyzed as a political move to lower energy costs ahead of the 2012 election. Independent oil traders expressed concern that the news was leaked, allowing for insider trading before the official announcement. Predictions are made that the government will soon initiate "QE3" (Quantitative Easing 3) to artificially stimulate the economy.
