If there is a public purpose in lending to investment banks, and taking dodgy mortgage securities as collateral, then it is a question of degree about other potential lending. That's the consequence of crossing a line that had been well established for three-quarters of a century.
~ Vincent Reinhart, former Fed Director of the Division of Monetary Affairs, Bloomberg, May 1, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment