View Poll Results: Was/is the collateral sound, as Bernanke states?

Voters
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  • Sound loans, sollateral, would be marked to market.

    1 50.00%
  • The underwater loans are sound.

    1 50.00%
  • What's the difference, it's all smoke and mirrors, illusory.

    0 0%
  • I really don't understand.

    0 0%
Multiple Choice Poll.
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Thread: Bernanke defends Fed response to financial crisis

  1. #1
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    DaveFagan's Avatar
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    Bernanke defends Fed response to financial crisis

    News From AP | TBO.com=



    Bernanke defends Fed response to financial crisis


    Bernanke defended the central bank's actions to support insurance giant American International Group and help with the sale of investment bank Bear Stearns, during a speech to a New York conference examining the crisis.
    While there were risks associated with that support, Bernanke said that the billions of dollars in loans the Fed provided were backed by adequate collateral and taxpayers did not lose money. And he noted that the Fed and other U.S. regulators are better positioned to deal with a crisis because Congress passed an overhaul of financial regulations in 2010.


    Was the collateral adequate?
    Was the collateral bad loans?
    If the collateral was so good, why couldn't the banks carry it as "mark to market?"
    Who owns those bad loans now? Hint, you!
    Who buys those loans when China doesn't?
    Last edited by DaveFagan; 04-14-12 at 10:22 AM.

  2. #2
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    Re: Bernanke defends Fed response to financial crisis

    I tried to edit the spelling of collateral/sollateral in option one, but was not successful.

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