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Highlight of the April FSOB Meeting

John on June 13, 2009 at 1:20 am

I’m not sure when the minutes of the April Financial Stability Oversight Board meeting were posted on Treasury’s website, but this line which appear near the end of the is surely the highlight:

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:


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Category: Energy & Economy |

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