Bernanke’s latest outlook on the economy is cause for hope for all Americans. Bernanke predicts that the Fed will actually start to make money on the billions of dollars that it has pumped into federal bailouts over the past years. It is important to note that this does not include the treasury TARP money. The TARP is actually expected to lose money. This is good news for the fed as many Americans have been doubting the effectiveness of the bailout plans. The article also discusses the debt owed from AIG and while the company has yet to start paying cash back for these debts the fed has obtained several assets from the company that they intend to hold to sell when the market price for the assets is better. Bernanke forecast for the coming year is that the economy will begin to pick up very slowly. However the country will still be rocked by unemployment as we still face some considerable challenges. Hopefully some of us can find the means to hang around the campus a little longer until Bernanke tells us its safe to come out and look for a job.
http://money.cnn.com/2009/12/07/news/economy/bernanke_speech/index.htm?cnn=yes
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