Monday, Mar 17, 2008
A rescue for Bear Stearns, but the Fed is destroying the dollar
MoneyWeek: A rescue for Bear Stearns, but the Fed is destroying the dollar
Markets have tumbled on news that US investment bank Bear Stearns had to be bailed out by the Federal Reserve. From rate cuts to bailouts, the central bank's attempts to cushion the falling financial sector are actually making things worse...
Posted by damien @ 11:07 AM (463 views) Add Comment
2 Comments
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1. alan said...
"Rightly or wrongly, a view has taken hold that Washington is cynically debasing the coinage, hoping to export its day of reckoning through beggar-thy-neighbour policies". said Ambrose Evans-Pritchard in the Telegraph.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/17/ccview117.xml
2. happyrenterz said...
funny bank stock chart:
http://img215.imageshack.us/img215/9470/techfl5.gif