Did the Fed and Bernanke Just Slam the Banks?

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Bernanke slamming banks as about him slamming anyone with money in the bank.
Interest rates on savings ought to be about 5% and mortgages ought to be about 8%. The variations from that are inappropriate tinkering using money from thin air.

Muser of NM 4:37PM March 19, 2009

I expect this kind of nonsense from politicians who can't foresee their mistakes and won't admit them later-but Bernanke and the gang should understand what makes the banks tick!

Pat of IL 2:11PM March 19, 2009