Fed’s Bernanke Says Economy Faces Some ‘Difficulties’
Fed Chairman Also Referst to Megan Fox as ‘Okay Looking’ and Tiger Woods as ‘Decent Golfer’
Fed Chairman Ben Bernanke testified in front of Congress today in the wake of the second-largest bank failure in U.S. history and as bank stocks continued to post double-digit losses from already depressed levels.
With the dollar near record lows, oil prices near record highs, home defaults surging, salmonella infecting our food and the Love Guru still playing in theaters around the country, Bernanke noted that “everything’s not as rosy as it could be.”
“If I didn’t make over $200,000-a-year and have a lifetime of multi-million dollar consulting fees waiting for me after a four-year gig, I might be panicking,” Bernanke mused. “In the meantime, I’ll just keep urging the government to keep taxing people so it can bail out everyone.”
In a related story, a cartoon depicting Treasury Secretary Paulson and Bernanke as foie gras makers fattening up a goose labeled “U.S. Housing Market” appeared on the cover of The New Yorker.
Editors defended the cartoon saying they had abandoned satire after the recent Obama cover and the goose cover was meant to be taken literally.
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According to Bernanke, both are ‘a tad above average’
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