Wednesday, October 15, 2008

More absurdities from Bernanke

At today's Economic Club of New York speech

In a question and answer session after his speech, Bernanke, a student of the Great Depression:

--Defended the Fed's decision to let Lehman Brothers fail, saying the company didn't have enough collateral to post for a Fed loan.

Yet he "defends" giving unsecured, non-recourse loans to European banks instead??? Unreal!!!

We're in deep trouble!

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