Ben Bernanke said...

Absent any action, the debt-to-GDP ratio is going to be not only rising but rising at an increasing pace.

Bernanke warns about the consequences of inaction on debt levels.

01/06/2011

More Ben Bernanke Quotes

Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.

We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities,...

A default by the U.S. Government would be extremely disruptive.

Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.