From BLT:
Federal Reserve Chairman Ben Bernanke says the Fed is closely monitoring the economy and will "act as needed to limit the adverse effects on the broader economy that may arise from the disruptions in financial markets."
But speaking today, Bernanke gave no sign that a rate cut is imminent, reports The New York Times, and said it's not the Fed's job to protect investors from the consequences of their decisions.
Now Bernanke is throwing the investors under the bus. That will come back to bite him.
1 comment:
Bennie was apponted to do as he's told. He is the cover for the others in the Bush Administration that are still stealing the taxpayers blind. Greenspan was to smart and honest so the Crime Team got his out and replaced him with a sucker who would do anything for the money. We need Greenspan back but he's helping Germany right now.
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