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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (88747)11/8/2007 5:23:20 PM
From: stockfiend  Respond to of 110194
 
When asked if the recent rate cuts were attempts to bail out the banks and brokers, Bernanke replied "We're not bailing out anyone...(paraphrasing) not a single reserve or federal dollar has been used to help out [banks]."

I'm guessing he's not including the dollars lost to inflation as the result of these rate cuts <g>