US Problems, Summed Up in 1 Paragraph

All of our problems explained in one paragraph:

“Ben Bernanke, Homeowner: After refinancing his mortgage twice, the Federal Reserve chairman owes $672,000 on his roughly $850,000 home, The Wall Street Journal reports. The second refinancing was after the Fed announced its “Operation Twist” program, designed to lower long-term borrowing rates.”

WSJ

What more need I say . . . ?

>

Update: December 14, 2011 1:15pm

The crowd has persuaded me.

No, this does not sum up all of the US problems in one paragraph . . .

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under

Uncategorized