Federal Reserve Chairman Ben S. Bernanke, seeking to allay renewed concerns over the health of the nation's financial system, said the central bank may extend its emergency-loan program for investment banks into next year.Shocking!!!
``The Federal Reserve is strongly committed'' to financial stability and is ``considering several options, including extending the duration of our facilities for primary dealers beyond year-end,'' Bernanke said in a speech to a conference in Arlington, Virginia.
[ cf Bernanke Says Fed May Continue Lending Into Next Year (Update3) ]
Can there be any doubt that Extremists are attacking our american way of life?
In related Terrorism:
The Federal Reserve should have a much larger role in supervising investment banks to prevent and limit financial market turmoil, Federal Reserve Chairman Ben Bernanke said Tuesday, endorsing an expansion of the central bank's authority into new territory.Clearly under the Unitary Executive Principle, when Bernanke is speeking as the Directorate of State Security For Anti-Terrorism in ECONOMICS he is speaking ex-cathedra and as such must be construed as the infallable mouth peace of the Divine Will For Economics!!!
"Holding the Fed more formally accountable for promoting financial stability makes sense only if the institution's powers are consistent with its responsibilities," Bernanke said.
Congress should consider giving the Fed power to set standards for capital liquidity holdings and risk management for investment banks, as it now does for commercial banks, Bernanke said. Already, the Fed has offered to be the lender of last resort for the investment banks. Read his prepared remarks.
[ cf Bernanke seeks new powers ( emphasis in original) ]
Thank GOD we have RoboBushCheney!!!
They Know That a War Czar needs the War Czar of Economics as the ECONOMICAL way of reducing the godlessness of those who think that numbers are numerically different because of secularist god hating american bashing Number Theory!!!
And that is what our troops are fighting for!!!
More Whatever Till Whenever Till THEY understand
Number Theory Is Just a Theory!!!Just as jesus showed in the bible!!!