10.15.2008
stfu bernanke
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_EGuB7kQmyo&refer=home
Says the Fed will "consider discarding its long- standing aversion to interfering with asset-price bubbles".
Don't play dumb. Monetary policy - Fed funds rate below 2% for 33 months, in the first half of this decade - helped create this asset bubble. Not to mention all the emergency rate cuts we've seen so far this year, and - HELLOOOO - BAILOUT PLAN???
How does this not involve "interfering" with bubbles?
- posted by vcmc @ 10/15/2008 06:32:00 PM
