Wednesday, Apr 30, 2008
The Fed won't stop printing money, but is now meant to stop bubbles
FT: Extra powers for Fed aim to cut risk of asset bubbles
"Banks, hedge funds and other financial institutions could find their investment strategies curtailed by the Federal Reserve to reduce the risk to the economy from asset bubbles, the US Treasury said yesterday."
Now, where did the present Treasury Secretary used to work?
Posted by sneaker @ 01:01 PM (236 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Rajd said...
LMFAO. What a joke. The central banks are responsible for the boom and bust cycles that create asset bubbles as a means of transferring wealth from the poor to the rich.
2. indiablue19 said...
Isn't it adorable for the US Treasury to "give" powers to the Federal Reserve Bank, an institution owned by two families who, in turn, own the entire United States financial system and control the Bank of England. What mumbo-jumbo. And at this stage of financial monopoly and ensuing chaos, who can even imagine what might be the next silly proposal meant to calm the so-called "free markets."