Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks (via Foreclosureblues)

13 Jan

Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks Thursday, January 13, 2011 Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks   The Wall Street Journal noted last week: Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank bailout of state and local governments strapped with big municipal debt burdens, saying the Fed had limited legal authority to help and little will to use that authority. "We have no expectatio … Read More

via Foreclosureblues

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