Why the Fed is Encouraging Financial Suicide
Apr 17th, 2008 | By Fred Sheehan | Category: Featured, Financial News, Politics & Economics“US Treasury Secretary Hank Paulson has proposed the Federal Reserve be given broad powers to regulate the financial industry” says Fred Sheehan.
“He could not have nominated a more incompetent body. The Coast Guard would do a better job.”
“Financial upheaval owes homage to derivatives that shrouded the massive growth in debt and leverage.”