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Mish's Global Economic Trend Analysis is the #1 Blogger for Ben Bernanke
The Federal Reserve will provide up to $540 billion in loans to help relieve pressure on money-market mutual funds beset by redemptions.
In retrospect, the title of this post is inaccurate. It really should read Fed is Attempting to Cause "Great Depression II".
WASHINGTON -- Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while other Americans suffered in recession.
Fri, Jan 29 | from U.S. News & World Report