Field NoteFrom the archive
Fed Magician Digs Deep in Bag of Tricks
Carlos Samaniego · January 3, 2009 · 1 min read
BY CHRIS PETHERICK
In a desperate attempt to shock the economy out of recession,
Federal Reserve Chairman Ben Bernanke dug deeply into his bag of tricks in late
December and ordered that the federal reserve rate be cut to zero percent. In
effect, Bernanke is now offering free money to bankers so they can put more
consumers and businesses in debt at pure profit to themselves.
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