Perhaps this explains why Bernanke's moves are not really tough love at all:
"Sept. 16 (Bloomberg) -- The Federal Reserve is considering extending a ``loan package'' to American International Group Inc., the insurer facing a cash shortage, according to a person familiar with the negotiations."
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Perhaps this explains why Bernanke's moves are not really tough love at all:
Sep 16 15:58 pm
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All Comments by Kath H. »Tough Love from Ben Bernanke [View article]
"Sept. 16 (Bloomberg) -- The Federal Reserve is considering extending a ``loan package'' to American International Group Inc., the insurer facing a cash shortage, according to a person familiar with the negotiations."
www.bloomberg.com/apps...
One has to consider everything the Fed is doing, not just rate changes. He'll take care of his big friends.