Bernanke’s latest move: Bold or just plain reckless?
Foundation for Economic Education
by William Anderson
03/25/09
With the Federal Reserve System’s announcement that it would purchase long-term government bonds, as well as the now-worthless mortgage securities from the ‘nationalized’ Fannie Mae and Freddie Mac, Fed Chairman Ben Bernanke supposedly is making a move that the New York Times calls ‘bold but risky.’ I have another term for it: reckless. There can be no doubt anymore as to what the government is doing as the economy implodes; it is printing money as fast as it can in hopes that people will grab the cash and start spending...
http://tinyurl.com/caf9hn
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Fannie+Mae
http://freepage.twoday.net/search?q=Freddie+Mac
http://freepage.twoday.net/search?q=William+Anderson
by William Anderson
03/25/09
With the Federal Reserve System’s announcement that it would purchase long-term government bonds, as well as the now-worthless mortgage securities from the ‘nationalized’ Fannie Mae and Freddie Mac, Fed Chairman Ben Bernanke supposedly is making a move that the New York Times calls ‘bold but risky.’ I have another term for it: reckless. There can be no doubt anymore as to what the government is doing as the economy implodes; it is printing money as fast as it can in hopes that people will grab the cash and start spending...
http://tinyurl.com/caf9hn
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Fannie+Mae
http://freepage.twoday.net/search?q=Freddie+Mac
http://freepage.twoday.net/search?q=William+Anderson
rudkla - 26. Mär, 11:18
