Msg. 05661 of 54959 (This msg. is a reply to
05658 by
tkc)
Jump:
Hi tkc,
That's another good reason. And for goodness sake's let's make sure those banks are not permitted to lever themselves again.
The latest meme from the right is all about excessive regulation on business. This policy bought and paid for by the sultans of Wall Street. We know what they want to do and which moral hazard they think they can avoid again.
Hi CF, ex FOMC member McTeer said on CNBC this morning that QE2 was necessary because banks were forced to increase their reserves and thus couldn't lend. The alternative was to put a stranglehold on the economy. The "right" just uses this for political purposes.
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