Bernanke: Bailouts ‘Imposed No Cost on the Taxpayer’

[LibertyPulse.com]

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...

[fedup100]

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...

Why not? Nothing matters any longer. They can say what ever they want to and the voting buffoons lap it up. Add this statement to these, Obamy IS a citizen, and we are the government and we are here to help you and my all time favorite, the income tax is voluntary. He was strait up on one thing, it has no NET effect, he left out the gross effect.

See, words have no meaning any longer.