Monday, March 16, 2009

Did anybody watch Ben Bernancke on "60 Minutes" last night? Did you notice that he said that the Federal Reserve did not use taxpayer money? Then how come the news media and members of Congress refer to the Fed loans to AIG as taxpayer loans? The Chairman did not admit that Federal Reserve banks are corporations not owned by the U.S. Government, but for him to say that the Fed did not use taxpayer money was a big step. I wonder if anyone in the news media noticed what he said?

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