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federal reserve chairman ben bernanke

Jimmy Duncan: No Bailout Without Across The Board Cuts

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Michael Collins:

Duncan is one of the 30 House members who sent a letter Monday to Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke about the size, frequency and propensity of government interventions to prop up failing private-sector companies.

“…we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and g

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On Thursday night, a meeting with Federal Reserve Chairman Ben Bernanke shook our partisan divided Congressional leaders like nothing since 9/11; a looming reality that so potentially devastating that both parties decided to react together. From the NYT:

Congressional Leaders Stunned by Warnings

Mr. Bernanke and Treasury Secretary Henry M. Paulson Jr. had made an urgent [...]

"...we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and

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On Thursday night, a meeting with Federal Reserve Chairman Ben Bernanke shook our partisan divided Congressional leaders like nothing since 9/11; a looming reality that so potentially devastating that both parties decided to react together. From the NYT: Congressional Leaders Stunned by Warnings
Mr. Bernanke and Treasury Secretary Henry M. Paulson Jr. had made an urgent and unusual evening visit

Another Rate Cut

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The Fed has cut the Federal Funds Rate again.
In a brief statement explaining their decision, Federal Reserve Chairman Ben Bernanke and his colleagues said that “financial markets remain under considerable stress.”
The Fed move was approved on a 9 to 1 vote. Richard Fisher, president of the Fed’s Dallas regional bank, dissented, preferring no change [...]

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