opinion

Bernanke Saved the System, Not the Economy - SchiffGold.com

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DW NOTE

Bernanke's 2008 intervention kept Citigroup and Goldman Sachs solvent. That is not the same thing as restoring productive capacity to an economy drowning in mortgage debt. The Fed added $3.5 trillion to its balance sheet between 2008 and 2014, and median household income didn't return to 2007 levels until 2016. Liquidity for banks, austerity for everyone else.

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Bernanke Saved the System, Not the Economy - SchiffGold.com

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