Politics
Politics
Out of context: Reply #609
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- TheBlueOne0
"Paulson and Bernanke have taken the lead not only from lawmakers but from President Bush. Bush has left direct management of the crisis to them and other advisers, and has limited his public remarks on the economy...While most lawmakers said they trust Bernanke's judgment, Frank said he was troubled to learn in the meeting Tuesday that Bernanke has legal authority to use the central bank's reserves, which total $888 billion, to make loans to any entity under any terms he deems economically justified."
http://www.washingtonpost.com/wp…
In the world's best apparent democracy we just handed over control of the entire economy to two guys nobody elected.