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View Full Version : Ron Paul : Fed Involved with Greece Bailout ?




qwerty
02-10-2010, 06:41 AM
YouTube - Ron Paul : Fed Involved with Greece Bailout ? (http://www.youtube.com/watch?v=g7hdZ750doo)

http://www.reddit.com/r/Libertarian/comments/b0ccj/ron_paul_fed_involved_with_greece_bailout/

FrankRep
02-10-2010, 07:06 AM
Trying to find a reference to Greece and the Federal Reserve.



Germany backs Greek bail-out as EU creates 'economic government'

Germany is preparing to drop its vehement opposition to a rescue package for Greece, fearing that a rapid escalation of the debt crisis in Southern Europe could endanger German banks and damage the euro.

Telegraph UK
09 Feb 2010

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7199625/Germany-backs-Greek-bail-out-as-EU-creates-economic-government.html



European Central Bank says can't bail out Greece, sees contagion risk
http://www.reuters.com/article/idUSLDE6181VT20100209



Stocks rally on news of possible Greece bailout. What comes next?

Stocks rallied in the US and in Europe on Tuesday on expectations of an emergency European Union bailout for Greece. But Greece, with a ballooning national debt, is not out of the woods yet.

http://www.csmonitor.com/World/Global-News/2010/0209/Stocks-rally-on-news-of-possible-Greece-bailout.-What-comes-next

FrankRep
02-10-2010, 07:40 AM
BEFORE THE BELL: US Stock Futures Up Before Bernanke Testimony (http://online.wsj.com/article/BT-CO-20100210-709507.html?mod=WSJ_latestheadlines)


Wall Street Journal
FEBRUARY 10, 2010


U.S. stock futures leaned higher Wednesday after the prior day's rally, as markets awaited news on a Greece rescue plan and testimony from Federal Reserve Chairman Ben Bernanke.

S&P 500 futures rose 3.8 points to 1,070.00 and Nasdaq 100 futures added 6 points to 1,758.00. Futures on the Dow Jones Industrial Average climbed 34 points.

U.S. stocks climbed Tuesday as indications that Germany would lead a rescue of debt-stricken Greece assuaged investors across the globe. The Dow Jones Industrial Average rose 150 points, or 1.5%, and other leading indexes rose by more than 1% as well.

A meeting between the German finance minister, Wolfgang Schaeuble, and law makers, ended on Wednesday without any concrete package of Greek aid announced. However, expectations are that a package may be announced on Thursday during a meeting of European leaders.

European equities climbed on Wednesday--markets there shut before the German news broke on Tuesday--while the euro was steady after its rally the prior day.

Also in the spotlight Wednesday will be written testimony from Federal Reserve Chairman Ben Bernanke--he won't be delivering it in person due to the snow that's hit Washington, D.C.--which will delve into when the central bank will exit its ultra-low interest-rate policy.

"Bernanke is likely to go into a lot of gory details of all the ways they can exit, but he's going to keep reiterating they'll do what the economy needs [the bank] to do," said Bill Cheney, chief economist at John Hancock.

The Bank of England, a central bank which has adopted many of the same strategies as the Fed, forecast inflation in the U.K. will come back below its 2% target.
...


SOURCE:
http://online.wsj.com/article/BT-CO-20100210-709507.html?mod=WSJ_latestheadlines

qwerty
02-10-2010, 08:45 AM
Thanks for the info Frank!

qwerty
02-10-2010, 10:30 AM
Bump!

qwerty
02-10-2010, 11:35 AM
Bump!