Sunday, March 21, 2010

Bernanke wants to eliminate reserve requirements

It's on the Fed's website, buried in footnote 9.

http://www.federalreserve.gov/newsevents/testimony/bernanke20100210a.htm#f9

Since I'm speechless, here is commentary on Bernanke's testimony.

http://finance.yahoo.com/tech-ticker/bernanke-wants-to-eliminate-reserve-requirements-completely-yftt_444354.html

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