Page 14 - Joann Reed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

central banks including our own federal reserve are effectively flooding the financial global system with money, whether you want to call it dollars or euros. easing the funding crisis for european banks and averting a lehman-like situation. china also eased monetary policy. that s been very helpful. so, they re trying to contain the damage. it s a first step toward a larger package. ron, should americans consider this a loan or a bailout? neither. they should consider this a necessary action that keeps the global financial system from imploding the way it was possibly going to do in 2008-2009. it s not the confined of money you would consider a loan. this is highly technical stuff central banks do but they re flooding the world economy with money and they should view it as good news. it s a super surge for a wednesday, that s for sure. ron, thank you, sir, appreciate it. herman cain is calling it a character assassination. his candidacy reeling from the latest allega

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