Newer stories are below...
Complete story inside including video, links and more. I also built a little Texas slideshow once I started finding so many potential photos for this story.
Check out the slideshow...
Editor's Note - Fans of women's swimming might want to make sure to see pic #4...
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Have you seen these photos...
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Bernanke pulls a QE2 bait and switch...
Brilliant clip. This is how the rest of the world sees the Wall Street bailout.
Could the U.S. central bank go broke?
Source - Reuters
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Sarkozy strolls the beach - latest from Ambrose Evans - updates on Portugal and everyone else in bankrupt Europe, not unlike the broke and busted U.S.
(Reuters) - The U.S. Federal Reserve's aggressive bond-buying plan could soon backfire unless the central bank gradually changes course to head off inflation, said a top Fed official known for his hawkish stance.
Full story inside including an excellent song on fraud at the Fed.
And Sheila Bair is pushing for the same in the U.S...
We write so much about this issue because it really is the cornerstone of the bank bailout debate - who pays for the losses? You the taxpayer vs. the investors (shareholders and bondholders) that funded the bank. It would seem an obvious choice, but it has not played out that way, anywhere except Iceland.
"We see the economy strengthening," Bernanke said during a Small Business Forum in Washington DC co-sponsored by the FDIC and CNBC. "It has looked better in the last few months. We think a 3 to 4 percent-type of growth number for 2011 seems reasonable."
Complete story including video is inside.
Jan 18, 2011 at 12:40 AM
