Wednesday, December 02, 2009

Fed! And Its Independence

I would say a great analysis
We have a long way to go. Further, I would be the first to argue that the Fed made many mistakes on the road to the financial crisis of 2007-2009. They failed at consumer protection, at regulating derivatives, at risk supervision ... we could go on and on. But there are reasons for those failures, systemic reasons, in which a lot of interest groups, individuals and corporate entities had a hand. It seems unfair to load all the criticism onto the one institution that has kept us afloat.

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