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federal reserve, financial crisis
(Image from article: "Greenspan Calls for Repeal of Bush Tax Cuts")

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US Federal Reserve 'underestimated financial crisis'

The Fed

The US Federal Reserve may have underestimated the looming 2007 global financial crisis, released transcripts from its meetings that year have shown. The documents suggested Fed Governor Ben Bernanke wanted to hold off from addressing rising panic in the markets.

 

Fed set to give economy therapy, not shock treatment

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

 

Greenspan Calls for Repeal of Bush Tax Cuts

Greenspan Calls for Repeal of Bush Tax Cuts

The former chairman of the Federal Reserve said keeping the cuts would drive up borrowing costs and could lead to another financial crisis.

Senh: Something like this is common sense, isn't it? If you don't have the money to spend, why are you giving it away to people who don't need it? The rich don't need to be richer.

 

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