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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ldo79 who wrote (363994)3/29/2008 8:19:09 PM
From: Giordano Bruno  Read Replies (2) of 436258
 
On the right, some were appalled by the decision by federal regulators to intervene to keep Bear Stearns from collapsing. “I want market discipline, too, but you don’t do it by empowering the Fed,” said Representative Scott Garrett of New Jersey, a Republican on the House Financial Services Committee. “We’re trying to get transparency for the market from an institution that’s not transparent in its own workings.”

nytimes.com

FED gets more power the rest is shtick.
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