Fed chairman welcomes congressional deal
Federal Reserve Chairman Ben Bernanke issued a statement this morning commending Congress and the Bush administration for finally working out a deal that will address the financial services meltdown.
“This legislation should help to restore the flow of credit to households and businesses that is essential for economic growth and job creation, while at the same time affording strong and necessary protections for taxpayers,’’ Bernanke stated. “I look forward to swift passage of the legislation. In addition, the Federal Reserve Board supports the timely actions taken by the Federal Deposit Insurance Corporation, which demonstrate our government’s unwavering commitment to financial and economic stability.’’
The House began debate on the legislation a few minutes ago. A vote on passage is expected around 1 p.m. Then the Senate will take up the bill.
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Why would not MR. PAULSON former ‘CAPO’ at GOLMAN-SUCKS the MOB BROKERAGE house not welcome the FED’s $85billion-follar bail-out/loan of AIG-GOLDMAN-SUCKS??? After-all GOLDMAN-SUCKS has a $20BILLION-DOLLAR STAKE in AIG!!! Ain’t your tax monies spent well??? Sure PAULSON bailed-out AIG for all AMERIKA eh??? Ha. Not NOT for his fellow MOBSTERS at GOLDMAN-SUCKS eh!!! YOUR TAX MONEY BAILING THE THIEVES/FRAUDSTERS OUT!!!
its your understanding of the economy that ‘SUCKS”