Moral Hazard & Really Stupid Loans
Apr 5th, 2008 | By Gary North | Category: Politics & EconomicsIn my recent article, “The FED’S End Run,” I wrote this: Beginning late Friday evening, March 29, we have been in the midst of an end run by the Federal Reserve System around Congress. The FED is about to be given authority to regulate the nation’s largest non-commercial financial institutions, including stocks and commodities.