http://www.federalreserve.gov/newsevents/press/bcreg/20080922c.htm
and
http://www.federalreserve.gov/newsevents/testimony/bernanke20080923a1.htm
-- and some kind of buzz about a $700B fund for buying something that's needed to stabilize financial markets. Somebody please share a link that explains
(1) what time frame?
(2) which agency buys?
(3) exactly what is being bought?
(4) when is the whatever that's bought to be sold and how?
As far as these “hearings” - the Dems in congress should have to be the ones answering questions, NOT asking them.
I won’t believe anything until I see something substantive from Heritage or AEI. By the time they publish something, the misconceptions here will be so deeply ingrained that it won’t matter.