LibertyPulse.com
02-11-2010, 12:13 PM
Ben Bernanke claims there is “no net impact” to U.S. taxpayers involved in bailing out the TBTF banks, state unemployment funds, car companies, insurance companies, GSEs; need I continue? You know the list by now.
The impact in question comes from the size of the Fed’s swollen balance sheet, surely you are familiar with the number by now. I don’t have to remind you little beancounters that the Fed writes its own accounting manual, so take that “balance sheet” for what it is worth.
http://goingconcern.com/2010/02/bernanke-bailouts-imposed-no-cost-on-the-taxpayer/
Posted at:
http://libertypulse.com/article/4258
goto http://www.libertypulse.com for more Liberty News...
The impact in question comes from the size of the Fed’s swollen balance sheet, surely you are familiar with the number by now. I don’t have to remind you little beancounters that the Fed writes its own accounting manual, so take that “balance sheet” for what it is worth.
http://goingconcern.com/2010/02/bernanke-bailouts-imposed-no-cost-on-the-taxpayer/
Posted at:
http://libertypulse.com/article/4258
goto http://www.libertypulse.com for more Liberty News...