Top Tweets Today: 05/10/2015

Ben Bernanke has been on retirement for a few months now so it's not surprising that any words uttered by the former Fed chairman would be lapped up for every second avaliable. He said he believed that executives who knowingly constructed their balance sheets full of debt which was questionable should have taken more punishment for their actions suggesting jail time as an appropriate sentence.

I think we might be seeing the blame game being bantered around as the current situation isn't painting the picture of what Fed officials had thought it would when it came to the rescue 6 years ago. We should not take away from the issue that financial companies had indeed caused the collapse of the financial system but finger pointing isn't going to fix the mess we're in now.

Former Fed chair says more bankers should have gone to jail http://t.co/yBScOymZGQ

— TIME.com (@TIME) October 5, 2015

This bit of news has been mulling around for some time over the past week causing much anticipation ahead of the announcement that Jack Dorsey will be named the new CEO of Twitter taking over from Dick Costolo.

The co-founder and former CEO comes in at a time that the ailing social media company finds itself in a spot of trouble struggling to appeal to more users and not impressing shareholders as seen by the slump in stock prices. However it's not without doubt as Dorsey intends to stay on at his newly founded Square, a business focused on payment processes for small business which has called into question whether Dorsey will be able to devote his entirety to turning around the company.

Jack Dorsey is the best (and maybe only) choice for Twitter CEO http://t.co/MFZwZGbojk pic.twitter.com/2mFw9bYsWi

— Business Insider (@businessinsider) October 5, 2015

This is not a new story since it's been around for a while now however with all the chaos erupting in the market it does sometime draw your attention away so it does help to highlight the problem currently stemming in the oil industry and more so the US shale gas space.

The guys over at ZeroHedge who have a such a great way of drawing a slow motion car crash haven't disappointed again by indicating that there has been a massive drop in the amount of operable wells. This sets the stage for a drop in US crude oil production unless the demand begins to pick up significantly which given the current state of the world economy doesn't seem likely.

The US Shale Oil Industry Will Simply Vanish http://t.co/eFlVXyo1X5

— zerohedge (@zerohedge) October 5, 2015