Did the Fed and Bernanke Just Slam the Banks?

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I'm not as worried about

Bernanke slamming banks as about him slamming anyone with money in the bank.

Interest rates on savings ought to be about 5% and mortgages ought to be about 8%. The variations from that are inappropriate tinkering using money from thin air.

Muser of NM @ Mar 19, 2009 16:37:44 PM

Unintended consequences?

I expect this kind of nonsense from politicians who can't foresee their mistakes and won't admit them later-but Bernanke and the gang should understand what makes the banks tick!

Pat of IL @ Mar 19, 2009 14:11:16 PM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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