Bernanke says financial stability a work in progress

Reuters via Yahoo News ^ | April 9, 2012 | Pedro Nicolaci da Costa

[John W]

STONE MOUNTAIN, Georgia (Reuters) - The U.S. economy has yet to fully recover from the effects of the financial crisis, and regulators must continue to find new ways to strengthen the banking system, Federal Reserve Chairman Ben Bernanke said on Monday.

"The heavy human and economic costs of the crisis underscore the importance of taking all necessary steps to avoid a repeat of the events of the past few years," Bernanke told a group of economists and finance experts at a conference sponsored by the Federal Reserve Bank of Atlanta.

[Oldeconomybuyer]

Comforting to know we have nimrods in charge of the largest and most vibrant economic machine in the world.

[Son House]

Definition of ‘Money Market Fund’
An investment fund that holds the objective to earn interest for shareholders while maintaining a net asset value (NAV) of $1 per share. Mutual funds, brokerage firms and banks offer these funds. Portfolios are comprised of short-term (less than one year) securities representing high-quality, liquid debt and monetary instruments.

Read more: http://www.investopedia.com/terms/m/money-marketfund.asp#ixzz1rasISyjO

[Son House]

Now why would Bernanke think there would be a run on ‘Money Market Funds’? Less disposable income? Fewer jobs? Inflation?

[dk88]

I know I know!

They can ‘strengthen the banking system’ by stopping their sabotaging of the banking system.

[Son House]

The "past few years" of economic crisis are the direct result of continuing the ingrained progressive income tax structure of punitive taxes on high income earners. And as the threat of even higher tax rates looms, the country has turned into a country of hoarders.

Economic freeze is my prediction as Conservative Solutions such as a flat low income tax rate are not implemented. Next summer will be far worse if Democrats control anything that could stop legislation.

yes, I am aware of the spending and entitlements being a big part of the problem too.

[Clintonfatigued]

Where is the progress?

[NVDave]

http://www.reuters.com/article/2012/03/29/reserve-sec-idUSL2E8ETAM120120329

[Son House]

There’s a clue here;

http://www.reuters.com/article/2012/03/29/reserve-sec-idUSL2E8ETAM120120329
New regulations have since reduced the credit and maturity risks that money funds may take.