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Anyone watching Bernenke? Who was the person asking him about the Fed

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jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-10 10:39 AM
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Anyone watching Bernenke? Who was the person asking him about the Fed

creating money when the bad paper they sucked up from Wall Street goes bad in 2012?
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jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-10 12:52 PM
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1. It was Scott Garrett - New Jersey. Interesting question about

what happens in 2012 to bonds currently backed by the U.S. - will the Fed have to create money if the government doesn't renew when the program (of taking over the Freddie and Fannie mortgages from 2008) expires?

I wonder if this is pre-planning for obstruction...
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westerebus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-23-10 07:37 AM
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2. Checking Mayan calendar....
Mother ship due to land on..... Oh, we're good, no worries.
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jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-23-10 10:42 AM
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3. LOL n/t
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