Wednesday, March 21, 2012

In Which Ben Bernanke Has An Idea

Have we tried giving more free money to rich assholes who enjoy lighting it on fire? Well perhaps we should.

Federal Reserve Chairman Ben S. Bernanke said Europe must further strengthen its banks and that its financial and economic situation “remains difficult” even as stresses have lessened, according to testimony prepared for delivery to U.S. lawmakers today.

“Full resolution of the crisis will require a further strengthening of the European banking system,” Bernanke says in the text of testimony to the House Committee on Oversight and Government Reform. The region’s leaders also must “increase economic growth and competitiveness and to reduce external imbalances in the troubled countries,” he said.