Posted in dawn to decadence, dollar, doomsterism, federal reserve, inflation, monetary policy, politics, volatility, wall street on November 9, 2008 | Leave a Comment »
It has been abundantly obvious from day one that Ben Bernanke has no understanding of “liquidity” – whatsoever.
Only 2 months (?) after Bernanke helicoptered $122 billion to AIG, AIG has come cap in hand to Uncle Sam with a down face and a confession: “The money’s all gone.” AIG supposedly wants $200 billion in new money.
AIG [...]
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