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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MythMan who wrote (397760)11/29/2009 9:57:12 AM
From: Terry Maloney  Read Replies (2) of 436258
 
No mention of how the Fed played a major part in fostering the crisis ...

"These measures are very much out of step with the global consensus on the appropriate role of central banks, and they would seriously impair the prospects for economic and financial stability in the United States. The Fed played a major part in arresting the crisis, and we should be seeking to preserve, not degrade, the institution's ability to foster financial stability and to promote economic recovery without inflation."

washingtonpost.com
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