Thursday, October 18, 2007

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/

0 Comments:

Post a Comment

<< Home