FED Chairman Bernanke about to testify before the HFSC on bailout efforts by the Federal Reserve

This merits its own thread

BEN BERNANKE Tuesday, February 10 WASHINGTON - Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing, "An Examination of the Extraordinary Efforts by the Federal Reserve Bank to Provide Liquidity in the Current Financial Crisis," 1300 EST/1800 GMT.

CNBC Source

I will be closely watching, as this could very well be a bomb-shell being dropped on the financial market. Why? If he needs to come clean about the 105 Billion intervention of the money maker accounts comes to mind.

Another thing is the actual currency floating out there at this time, the highest it has ever been, and the Fed´s action plan.

The only action plan for the Fed should be to abolish itself and the Fractional Reserve System. Any other course of action will only make things worse.

MoonMine

[edit on 10-2-2009 by MoonMine]