Bloomberg vs Bernanke
Bloomberg News Responds to Bernanke Criticism
Federal Reserve Chairman Ben S. Bernanke said in a letter to four senior lawmakers today that recent news articles about the central bank’s emergency lending programs contained “egregious errors.”
Bloomberg News has published a series of articles this year examining the bailout. The latest, “Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress,” appeared Nov. 28.
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Read Bernanke's letter to Congress -- There Was No 'Secret' Bank Bailout
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All American Investor
9 Huge Dates In Europe You Can't Afford To Miss
Euro edges lower as dollar swap demand jumps
The dollar gained modest ground while the euro slipped versus rivals on Wednesday after banks aggressively took advantage of the European Central Bank’s first dollar-liquidity operation since major central banks moved to cut the cost of dollar funding.
Original content Bob DeMarco, All American Investor
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