2008-03-19 — contraryinvestingnews.com
'Each time the Fed swings into action, it inches ever closer to the moral hazard of an outright bailout for Wall Street.Last week, I commented about the Fed’s latest free-lunch: Cooking up a 28-day term auction for a cool US$200 billion. Yesterday morning, everyone heard about the bailout deal for Wall Street broker Bear Stearns, which the Fed hastily arranged over the weekend.'
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
