Sunday, March 15, 2009

Bernanke: Recession could end in 2009

AP story here.

Federal Reserve Chairman Ben Bernanke, in a rare TV interview, says the recession "probably" will end this year if the government succeeds in bolstering the banking system.

In an interview with CBS' "60 Minutes" airing Sunday night, Bernanke seems to express a bit more optimism that this could be done.

"We do have a plan," he says. "We're working on it. And I do think that we will get it stabilized, and we'll see the recession coming to an end probably this year."

A transcript of the interview was provided in advance of the broadcast.

1 comment:

Anonymous said...

While Bernanke attempts to explain the reasons for the economic meltdown, he fails to mention how much of the blame goes to the Federal Reserve and their easy money policies under Greenspan. Working productive Americans are bailing out the financial establishment that destroyed our economy along with 45% of the wealth in the world and now the American taxpayers and our children will be forced to live a far lower standard of living with reduced prosperity and opportunities due to this but only we pay the price.

Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. We believe a growing repudiate the debt movement could actually save our wealth and the markets and suggest this is a better alternative than Washington’s plans to monetize the debt in future years and tax and destroy our remaining wealth by depreciating the dollar.

The Campaign to Cancel the Washington National Debt By 12/21/2012 Constitutional Amendment is starting now in the U.S. See: