“Abolish the Fed”
If you’ve been following the U.S. financial situation lately, you’ll see a lot of bad karma (i.e., subprime loans) coming back to bite the asses of the big corporations that profited from them. With Federal Reserve Chairman Ben Bernake trying to bail these companies out, others are suggesting maybe Ben is the one who should bail:
Federal Reserve Chairman Ben Bernanke should resign and the Fed should be abolished as a way to boost the falling dollar and speed up the recovery of the U.S. economy, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe Wednesday. Read more
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