rone: (Default)
[personal profile] rone

God bless Bernie Sanders:

A U.S. senator berated Federal Reserve Chairman Ben Bernanke on Tuesday for refusing to name banks that borrow from the central bank and introduced legislation that would require public disclosure.

[...]

When Sanders pressed on whether Bernanke would name the firms that borrowed from the Fed, the central bank chairman replied, "No," and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank.
OH NOES!!!  Poor stigmatized banks don't need the further shame!! :(((

Date: 2009-03-03 11:59 pm (UTC)
ext_8707: Taken in front of Carnegie Hall (thugish-rugish)
From: [identity profile] ronebofh.livejournal.com
If there's one thing we've learned from this crisis, it's that all the banks are so tightly entwined with each other that trying to single one out would be unfair and pointless. Besides, we already know Citigroup and AIG are fucked; how much worse would full disclosure be at this point?

Profile

rone: (Default)
entombed in the shrine of zeroes and ones

December 2022

S M T W T F S
    123
45678910
11121314151617
18192021222324
252627282930 31

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Jun. 21st, 2025 04:28 pm
Powered by Dreamwidth Studios