Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ABQHispConservative
Amen McCain, the Fed needs to mind the Monetary Policy!!

One of the responsibilities of the Fed is to be the lender of last resort.

18 posted on 09/20/2008 9:48:06 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: Moonman62

I agree that the Fed is the lender of last resort, but when part of the bailout involves absorbing loans that should not have been issued, then it also did a bad job at overseeing risk by lending institutions. Part of the blame goes to Congress, but the Fed should have said something about this.


21 posted on 09/20/2008 10:00:46 PM PDT by ABQHispConservative
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson