Wednesday, August 26, 2009

Just desserts- Bernanke's phony identity


You reap what you sow...looks like Ben Bernanke had his identity stolen.

You can't make this stuff up....the irony of a guy who is overinflating the US economy had his account stolen and his money was used to inflate other accounts. And best of all, he had his bank account with Wachovia...

At least ONE Fed official is telling the truth about employment:
The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.

"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart.

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