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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (383513)4/2/2009 8:54:06 PM
From: Giordano Bruno2 Recommendations  Read Replies (1) of 436258
 
"I think it's a mistake. If it's too cold in the room, you don't fix the problem by holding a candle under the thermometer," William Poole, former Federal Reserve Bank of St. Louis president, told Reuters at a conference in New Orleans.

"It may increase reported bank earnings by 20 percent, but it has nothing to do with the reality of bank earnings. It's very important to maintain that distinction," Poole said.

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