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Wednesday, February 1, 2012 - 7:45 AM

How The Fed Presidents’ Assets Stack Up

From the NYT Economix blog
The Federal Reserve, in its latest show of transparency, on Tuesday made available to the public the annual financial disclosures filed by the 12 presidents of its regional banks for 2010.

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KenBDGKenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905
1. Wednesday, February 1, 2012 - 9:01 AM
I wonder how many senior citizens, retired and living on fixed incomes and savings, have lost their homes in foreclosure due to Ben Bernanke's never ending near zero interest rate policy? How many savers have seen their income, invested in safe FDIC insured deposit accounts, drop by up to fifty percent? How many savers, due to low rates on their deposit accounts, are not out there spending money to help grow this country's economy? Bernanke's policies have not only inflicted immense pain on senior citizens and savers, but have actually kept our economy struggling just above stagnation. Meanwhile, we sit back and watch the assets of the wealthiest and most powerful grow by leaps and bounds. What's wrong with this picture?
4
ShorebreakShorebreak538 posts since
Apr 6, 2010
Rep Points: 1,940
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