Bernanke Tells Obama Banks Need More Money
The International Herald Tribune
Julia Werdigier and Edmund L. Andrews
January 13, 2009
"LONDON: The chairman of the U.S. Federal Reserve, Ben Bernanke, warned here Tuesday that the highly unpopular job of using taxpayer money to bail out financial institutions in the United States and other countries was far from over.
One day after President-elect Barack Obama asked Congress to free up the second half of the money for the Treasury Department’s $700 billion financial rescue program, Bernanke cautioned that banks and other lending institutions were still not functioning properly and would probably need additional money."
Wednesday, January 14, 2009
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