psst...wanna hear a secret?


Paulson and Benanke may be lying...
Over at Sunni and the Conspirators, Sunni has linked to an interesting story .

A new report from financial consulting firm Celent argues that there is no credit crisis, and that the publicly available data from the Federal Reserve Bank directly contradicts the doom-and-gloom public statements made by its chairman Ben Bernanke and Treasury Secretary Henry Paulson.

The research follows up on the October report issued by three economists at the Federal Reserve Bank of Minneapolis entitled "Facts and Myths about the Credit Crisis." That report showed that, despite the drumbeat of news about the frozen credit markets, bank lending to businesses, consumers and other banks has actually stayed steady or increased during the past 18 months.

Now I do think we are overextended.

But are the FedGovs manipulating the news for their own secret agenda?

And people wonder why I am paranoid...

— NeoWayland

Posted: Wed - December 17, 2008 at 02:49 PM  Tag


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