Detailed text transcripts for TV channel - MSNBC - 20101206:21:04:00
Fiscal stimulus. to lower interest rates to get lending going, in a sense , he' the last man standing. if you were to look at bernanke as sort of the orgin of money, he's saying, let's lend, invest, hire, let's go. you look at the banking system like the electrical wires. they're the power system from goes from the federal reserve to the economy. it's as if the powerlines are sucking all the money off. >> there is some of that, but bernanke can't force the banks to lend. he can encourage them to lend. he can't force them to lend. having said that, when you look at what happened last week, the ...
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