Federal Reserve Chairman Ben S. Bernanke said large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall.
Bernanke’s comments signal that the central bank sees risks of a relapse into financial turmoil even as credit markets show signs of stability. He said the Fed won’t finance government spending over the long term ...
[Unbelievable. Was he not among those who joined the chorus to create the problem he's now 'warning' of?
Who's lead is he following to think he can say one thing and do the exact op-- oh.
Never mind.]
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Tuesday, June 9, 2009
Bernanke Warns Deficits Threaten Financial Stability
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