Tuesday, February 9, 2010

Seems like irony

Feb. 9 (Bloomberg) -- The House Financial Services Committee postponed tomorrow’s hearing featuring testimony by Federal Reserve Chairman Ben S. Bernanke on unwinding the central bank’s expansion of liquidity.
The committee said today in an e-mailed statement that the hearing was postponed because of snow in Washington. The testimony hasn’t been rescheduled.
To contact the reporter on this story: Scott Lanman in Washington at slanman@bloomberg.net.
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Comment: The real reason for the delay of the hearing may actually be that Bernanke doesn't have a clue how to do the "unwinding" of the central bank's expansion of liquidity. Snow is cute excuse, indeed better than "a cold".

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