"a precondition for being hired as Fed Chairman is that one does not understand how the financial system actually works"

The Fed appointees have either to be incompetent or submissive to its stakeholders and shareholders, the Goldman Sachs, J.P. Morgan Chase and other Big Brothers.

I predicted than President Obama seemingly tough position against the "Banksters" was either populism or death sentence like the previous US presidents that were assassinated for misbehaving before their masters.

I am less worried about Mr Obama.