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Wednesday, September 16, 2009

POWER WITHOUT CREDIBILITY Politics of the financial crisis

POWER WITHOUT CREDIBILITY
Politics of the financial crisis
United States Federal Reserve chairman Ben Bernanke, already criticized for the close relationship between the Fed and big lenders, now has to withdraw cash from the financial system. The trick, giving banks even more cash so they can buy back toxic debt, will leave the economy to rot with rising unemployment and a damaged dollar. - Henry CK Liu

http://www.atimes.com/atimes/Global_Economy/KI17Dj03.html

1 comment:

Michele Kearney said...

Bogged down at the Fed
By Henry CK Liu
http://www.atimes.com/atimes/Global_Economy/KI11Dj01.html

A lost decade ahead
By Henry CK Liu
http://www.atimes.com/atimes/Global_Economy/KI15Dj04.html