All Economics... All The Time
Keaton- i strongly agree with the chair man that the crisis that we are in to day has some ideas of what the banks are doing but i also dont think that it will take only a year to slove the recession i think that it would take a couple of years maybe even 5 years but who know. i also think that is crazy that one man is able to do so much with out the Congress or the President approval.I also think that is good that he says that he will not let any of the big banks Bankrupt which is good for the peole.From waching the clip i think at the most point that The chair has a good idea of how to help us in this recession that we are in.
I think Bernanke and the rest of the Federal Reserve is hypocritical. Why give out billions in bailouts but still hold strong and let Lehman brothers fail? Its funny how when a week after he passed his bill to put capital in the banks, they had a huge fall, he believes he still did them a favor. Also, he is trusting AIG to reinvest themselves elsewhere, he didnt stop to think they would reward themselves with hundreds of millions in bonuses. Its nice to know that because of his upbringing he is conscious of the middle-class. Its ironic that the Fed turned a blind eye while banks and the financial system wasted hundreds of billions of dollars and only now is addressing the problems. Ari B
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