| ^ Oh, so you'd rather have the financial markets collapse? 1929 scenario is preferable for you, eh, Ray? The govt should have been regulating the mortgage lending biz more closely. Took it a few years to pass the Glass-Steagall Act after the big crash back then.
The Fed knew what was going on early in this current crisis and Binky did nothing; as I see it, this a a CMA operation for the Fed. |