Wednesday, November 2, 2011

Bernanke: No quick recovery

Fed chairman says policymakers now have 'tools' to fix financial crisis but that economy will take time to rebound.
Bernanke warned that even with all the moves made by the Fed and Treasury, "credit markets will take some time to unfreeze." He also said the housing crisis will continue to be a drag on the economy but he also said that "the problem was much broader than subprime lending."
In other words, "The surge is working." Bernake also said, "Woob, woob, woob, woob!"

Get the full load of horse apples here.

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