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What's Really Behind Bernanke's Easing?
Keywords:
Kessler point to fears of a decline in real estate values, as the reason behind the Fed's $600 billion easing decision in 2010. He sees the Fed's move as not being effective in moving stock market value. And he says, the bad loans on the books of the banks pose a new crisis. The only solution he says is tackling the issue head-on by taking these bad loans off the books of the banks and recapitalizing the banks. This includes firing management and starting with a fresh slate.
A different view of the Federal Reserve's $600 billion easing decision in 2010.
11/19/2010
The unstated reason being a decline in real estate markets leading to a bad loans crisis for the banks.
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What's Really Behind Bernanke's Easing?
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The other human face of Afghanistan and Pakistan that Admiral Mullen and young officers are paying attention to.
01/04/2008
The book Three Cups of Tea and the story of a humanitarian running 78 schools in the remote poor mountainous areas of Afghanistan and Pakistan is drawing the attention of younger officers and the commanders. That General Petraeus has read the book and passed it onto his staff. The story of the Red Cross Center for prosthetic legs in Afghanistan, and the reverence its Italian doctor inspires among ordinary Afghans. Defense Secretary Gates also sees this in his interview with Charlie Rose on PBS Dec 17, 2008, where he sees the Islamis extremist challenge in adifferent light, as afailure of strategic communications with the US neglecting AID, State Dept and other ways of communicating to developing countries what the US stands for, and sees a lot of possibilities if this is met creatively. He also does not see the Islamic extremism as achallenge in the way the Cold War was.
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