The fed's bailout
I had mentioned at the original 50 basis point cut in September how I believe it was a bailout. Barry Ritholz had a reference to a nice article about how the Fed was acting to save Wall Street's head honchos. In Barry's word's the fed is "Wall Street's bitch".
http://www.slate.com/id/2175724/
http://www.slate.com/id/2175724/
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