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Bernanke to Broke States: Go Suck an Egg
January 12, 2011
Editor’s note: Trillions for
international banksters, nothing for the states.
John Etherington writes:
In testimony on Friday before the
Senate Budget Committee, Federal Reserve,
Chairman Ben S. Bernanke, was asked
specifically about providing assistance
to state and local governments facing
budget deficits and high borrowing costs.
His short answer: It’s not going to happen.
Concerns have been mounting recently of
a potential crisis in the municipal bonds
market because states are struggling to
pay off debt thus raising costs for
municipal borrowers.
January 12, 2011
Editor’s note: Trillions for
international banksters, nothing for the states.
John Etherington writes:
In testimony on Friday before the
Senate Budget Committee, Federal Reserve,
Chairman Ben S. Bernanke, was asked
specifically about providing assistance
to state and local governments facing
budget deficits and high borrowing costs.
His short answer: It’s not going to happen.
Concerns have been mounting recently of
a potential crisis in the municipal bonds
market because states are struggling to
pay off debt thus raising costs for
municipal borrowers.
