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The Fed can provide answers to questions, too
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PeteMN
Posted 1/30/2008 12:24 (#296865 - in reply to #296625)
Subject: Re: The Fed can provide answers to questions, too


E.Central MN
Senior Citizen:
From what most of us have learned from you so far, I don't think you'd have to do the bicycle riding. I figure you and NVDave would be the mullahs in the big tent. There'd be a line of people making the trek across country to offer you chickens in exchange for answers. I'd guess you'd do a brisk business out the back flap of the tent selling chicken and eggs, all that walking would make people hungry.

I know what you mean, that the Fed has to act to keep things from spiralling out of control. But if the Fed doesn't put tighter controls in place I fear we'll just be in the same place down the road. The banking system doesn't seem to learn its lessons very well.
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