Bernanke, Paulson misled public on bailouts
October 5, 2009
Washington Times
10/5/2009
Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government’s $700 billion Wall Street bailout, creating “unrealistic expectations” about the companies and damaging the program’s credibility, according to a report by the program’s independent watchdog.
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Harold
Let us do that, Linda. I really hope more of our fellow Americans feel the same way and we can clean the whole house out. One of my biggest worries though continues to be the staffs. Those people who aren’t elected but are there year in and year out uneleected. How do we get rid of them?
That’s easy Hal. The answer is a resounding NO! He is a continuation of the same ole, same ole. I firmly believe in throwing the bums out. All of them.
I’d like to say that totally surprises and shocks me… but I can’t.
The thing is, do we continue to trust Bernanke?