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FED does not have any real power to affect or rectify the crisis, and Bernanke is behind the curve and still learning...
Submitted: Jan 17, 2008
Views: 214
Comments: 1
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View Article: http://www.money-rx.com/blog/2008/01/education-of-ben-bernanke-new-...
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"Bernanke is seriously behind the curve,� says David Rosenberg, chief North American economist for Merrill Lynch, one of many critics who maintain that the Fed has not responded to the crisis with sufficient vigor. "
No one from Merrill Lynch or any of the i-banks should be criticizing anyone else. These guys practically bankrupted their own companies and now they're screaming for the Fed to bail them out. Or, for foreign companies to prop them up.
Posted: Jan 17, 2008