1

Wait 'til Bernanke sees THIS!

You know Iceland's been having problems, right? Banks are failing, the currency's frozen, all kinds of bad things.

Well, the central bank has decided to do something about it. Raise interest rates.

A lot.

Oh, and the U.S. Fed meets today and tomorrow to talk about interest rates here.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy. Follow Kai on Twitter @kairyssdal.
CFN's picture
CFN - Nov 24, 2008

Hey, this sounds kinda familiar. What was the name of the last old guy who tried that? Henry Hoover? Herbert Hoople?

It'll come to me.

Never did hear how that turned out...