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February 24, 2009

Bernanke – Obama Admin needs to do more on banks

Federal Reserve Chairman Ben Bernanke told the Senate Finance Committee today we need “strong government action to stabilize financial institutions and financial markets.”

If not, he said, the current recession definitely could extend into 2010.

No, he didn’t use the “financial N-word,” but I think you can count Big Ben as another voice for “doing whatever it takes” with bad banks.

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