"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Can disclosing what the Fed is doing really hurt some banks? They just lost a disclosure law suit and it seems that by Aug 31 they have to disclose who did they help and to what extent: htp://www.bloomberg.com/apps/news?pid=20601087&sid=aAOhgVw78e3U" Can it be another "shoe to drop"?
Also, how is it possible that FDIC may be short on cash? I thought they can just ask the Fed to print extra money. http://www.cnbc.com/id/32576575
Could you comment on any or both of these stories? Thanks
Can disclosing what the Fed is doing really hurt some banks? They just lost a disclosure law suit and it seems that by Aug 31 they have to disclose who did they help and to what extent:
ReplyDeletehtp://www.bloomberg.com/apps/news?pid=20601087&sid=aAOhgVw78e3U"
Can it be another "shoe to drop"?
Also, how is it possible that FDIC may be short on cash? I thought they can just ask the Fed to print extra money.
http://www.cnbc.com/id/32576575
Could you comment on any or both of these stories? Thanks