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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: BGR who wrote (71996)12/17/1999 6:40:00 PM
From: Lymond  Read Replies (2) | Respond to of 132070
 
The Fed's also responsible for regulating the banking system, and doing what it can to help the banks when they get out over their skis -- all in the name of mitigating systemic risk, of course.

Moral hazard in the financial system is perhaps the ultimate problem of our day. You err in discounting it.