Tuesday, September 23, 2008

Fed Chairman Ben Bernanke

"we believe that strong and timely action is urgently needed to stabilize our markets and our economy"
"the fire sale price [of the market's bad assets] may be much lower than the hold to maturity price"
"nobody knows what the true hold to maturity price is"
"we cannot impose punitive measures on institutions that sell their assets in this program"

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