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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (367207)1/17/2008 11:11:28 AM
From: Jim McMannis  Read Replies (2) | Respond to of 1575803
 
He lowered rates to ridiculous levels and held them there to long. The economy would have been just fine with higher rates. It's one thing to unwind the Dot.com bubble. Another thing to unwind a housing and credit bubble. Bernanke is under pressure to help housing with low rates but that has tremendous repercussions elsewhere... inflation, the dollar etc.

Basically what Chris said.