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yalanand
User Rank
Platinum
Re: Bloomberg is back...
yalanand   12/7/2011 3:59:57 AM
NO RATINGS
Bloomberg says it  stands by its reporting,it would be interesting to see what would be Fed's response. Any predictions who will win the war ?

Noreen Seebacher
User Rank
Blogger
Re: ONLY $1.5 Trillion
Noreen Seebacher   12/6/2011 8:16:21 PM
NO RATINGS
I agree. Going with the more modest number would have been outrageous enough, and likely more accurate.

Scott Raynovich
User Rank
Blogger
Bloomberg is back...
Scott Raynovich   12/6/2011 7:54:07 PM
NO RATINGS
This is getting good Bloomberg is back on the offensive. They have posted a rebuttal of Bernanke's rebuttal.

http://www.bloomberg.com/news/2011-12-06/bloomberg-news-responds-to-bernanke-criticism.html

The Fed and Bloomberg at war! Good stuff!

PredictableChaos
User Rank
Platinum
Re: ONLY $1.5 Trillion
PredictableChaos   12/6/2011 5:18:08 PM
NO RATINGS
My "thanks Scott" is sincere. I appreciate having the accurate number. All flavors of nonsense fly around the Internet at great speed, and sometimes even get repeated by people who should know better.

I'm not a banker, but that still seems like a very large amount of money to me.

Joe Stanganelli
User Rank
Iron
Re: ONLY $1.5 Trillion
Joe Stanganelli   12/6/2011 5:15:49 PM
NO RATINGS
It's a shame Bloomberg screwed up on this one because, as the previous commenter notes, $1.5 trillion is also incredibly high and is just as worthy a number of getting people riled up as $7.7 trillion is.

Unfortunately, the truth gets lost in the rumormongering and taking facts out of context.

Scott Raynovich
User Rank
Blogger
Re: ONLY $1.5 Trillion
Scott Raynovich   12/6/2011 4:41:50 PM
NO RATINGS
Respond to it however you like. I'm just interested in accurate facts.

PredictableChaos
User Rank
Platinum
ONLY $1.5 Trillion
PredictableChaos   12/6/2011 4:39:39 PM
NO RATINGS
Thanks Scott.

I feel so much better knowing it's only $1.5 Trillion USD. Why that's only about $40,000 per person, for everyone in the US, right?

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