Nov 24, 2008

Ben Bernanke on the Troubled Asset Relief Program (TARP)

Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting. We think that’s counterproductive.

~ Ben Bernanke, Federal Reserve chairman, talking before the House Financial Services Committee, November 18, 2008

(Quote sited in "U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit ," Bloomberg.com, November 24, 2008.)

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