Thursday, January 22, 2009

Fed Balance Sheet Decaying

Fed Balance Sheet Decaying

Does anyone talking about this "bad bank" realize that we already have one? It's the Federal Reserve, and it has already taken on trillions of dollars of worthless paper from banks. If you really think the bad bank is the way to solve the crisis, then just let the Fed keep doing what they're doing.

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Planet Atheism

Planet Atheism - aggregating blogs by non-believers and freethinkers