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.)
Nov 25, 2008
Ben Bernanke on the Troubled Asset Relief Program (TARP)
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