{"id":303354,"date":"2010-02-10T12:46:23","date_gmt":"2010-02-10T17:46:23","guid":{"rendered":"http:\/\/www.campaignforliberty.com\/blog.php?view=32433"},"modified":"2010-02-10T12:46:23","modified_gmt":"2010-02-10T17:46:23","slug":"bernanke-unveils-plan","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/303354","title":{"rendered":"Bernanke Unveils Plan"},"content":{"rendered":"<p>By Matt Hawes<\/p>\n<p>Via CNNMoney.com:<\/p>\n<blockquote>\n<p>WASHINGTON (CNNMoney.com) &#8212; Federal Reserve chairman Ben Bernanke unveiled a blueprint Wednesday for pulling back &#8212; when the economy is strong enough &#8211;the trillions of dollars the central bank provided to prop up the nation&#8217;s banks and the U.S. economy.<\/p>\n<p>&#8220;These programs, which imposed no cost on the taxpayer, were a critical part of the government&#8217;s efforts to stabilize the financial system and restart the flow of credit,&#8221; Bernanke said in prepared testimony for a House Financial Services Committee hearing that was postponed due to snow. &#8220;As financial conditions have improved, the Federal Reserve has substantially phased out these lending programs.&#8221;&#8230;<\/p>\n<\/blockquote>\n<p><a href=\"http:\/\/money.cnn.com\/2010\/02\/10\/news\/economy\/fed_unwinding\/\" >Read the rest.<\/a><\/p>\n<p>No cost to the taxpayer?&nbsp; Ah, of course, putting us on the hook for trillions of dollars (and who knows what else to foreign central banks) has no cost.&nbsp; If these programs are so great, by the way, then why not reveal who got the money?<\/p>\n<p>On second thought, why ask questions?&nbsp; After all, we should just sit back and trust the one who never saw the crisis coming (and helped to cause it) to guide us back to prosperity.<\/p>\n<p>Or&#8230; <a href=\"http:\/\/www.auditthefed.com\/\" >we can do something else<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Matt Hawes Via CNNMoney.com: WASHINGTON (CNNMoney.com) &#8212; Federal Reserve chairman Ben Bernanke unveiled a blueprint Wednesday for pulling back &#8212; when the economy is strong enough &#8211;the trillions of dollars the central bank provided to prop up the nation&#8217;s banks and the U.S. economy. &#8220;These programs, which imposed no cost on the taxpayer, were [&hellip;]<\/p>\n","protected":false},"author":3999,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-303354","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/303354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/3999"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=303354"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/303354\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=303354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=303354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=303354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}