Wednesday, September 24, 2008

THIS Guy is our Fed Chair?!

Bernanke Signals U.S. Should Pay More for Bad Debt

"Bernanke's remarks, an unusual departure from his prepared
testimony, come as lawmakers and the Bush administration
negotiate a rescue plan aimed at easing the worst financial
crisis since the Great Depression. The Fed chief said paying
prices higher than the bad assets would fetch in the open market
would help ``unfreeze'' credit markets and aid the economy. " Economy

He wants us to pay MORE than what they're worth. This is his solution.

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