Replies

To: trtdenver

how does the Federal Reserve work

In what way? Be specific.

why was it created?

The Panic of 1907 showed we needed a lender of last resort, besides J.P. Morgan.

8 posted on 03/22/2009 6:48:06 AM PDT by Toddsterpatriot (Havoc has been back since September. Or was it April?)

To: Toddsterpatriot

okay...so what has happened since then? Are you saying the Fed is the lender of last resort?

9 posted on 03/22/2009 6:54:34 AM PDT by trtdenver

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794