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Could this be why the credit markets are screwed up?

Why borrow from each other when you can borrow from Ben

I am no financial wizard, so let me just throw this suggestion out there. Perhaps this is the reason why the credit markets are screwed up and the LIBOR is so high:

http://www.foxnews.com/story/0,2933,435524,00.html

Why borrow from each other when you can borrow from Ben Bernanke instead, with far lower risk, and maybe even a chance that the government will forgive your debt at some point down the road?

Just a thought.

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