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Bernanke's Lying Through His Teeth and Not A Single Pundit/Analyst/Banker Has Called Him On It!! | ZeroHedge
Bernanke's Lying Through His Teeth and Not A Single Pundit/Analyst/Banker Has Called Him On It!! | ZeroHedge
Bernanke says he will target the mortgage market to reduce
unemployment by pledging to buy $40 billion USD of mortgage securities
per month until a demonstrable improvement in the labor force
materializes. What the F^ck!!!! So, is it just me or does everyone
assume that the most common job in the US is MBS trader? Exactly how
direct is the mechanism between MBS purchases and employment? Does
anyone truly believe (obviously, from the links above, many actually do)
that Bernanke can lift employment by buying mortgage securities?
Okay, all bullshit aside, this is the skinny. The banks are in trouble again.
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