John on June 13, 2009 at 1:20 am
Members and officials discussed, among other things, the difficulty of isolating the beneficial effects of Treasury’s actions under the TARP in light of the presence of other government programs, the broader weakness in U.S. and global economic activity, and the normal effects of this economic weakness on lending markets.
In other words, Bernanke, Geithner, Kashkari and all the rest of the financial wizards don’t see any clear evidence the spending spree is working. Maybe they were looking at this:
Category: Energy & Economy |