The Fed to the Rescue — Again
Jul 31, 20206.4K Shares588.7K Views
Did you ever think a year or so ago you’d be reading headlines like this? The Federal Reserve had to help bailout investment bank Bear Stearns today.
At The Mortgage Lender Implode-O-Meter, they’re featuring thiscomment from counterpunch.orgto explain the mess:
“„Wonderful. So now the Fed is planning to expand its mandate and bail out investment banks, hedge funds, brokerage houses and probably every other brandy-swilling Harvard grad who got caught-short in the subprime mousetrap. Ain’t the “free market” great?
Hajra Shannon
Reviewer
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