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"The crisis has passed," says Greenlight's (GLRE) David Einhorn explaining the need for higher...

"The crisis has passed," says Greenlight's (GLRE) David Einhorn explaining the need for higher money rates. By holding rates so low for so long, the Fed encourages over-borrowing, especially by the government, setting the stage for another crisis when rates do rise.
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Comments (1)
  • wyostocks
    , contributor
    Comments (8852) | Send Message
     
    So much for the independence of the Fed.
    27 Dec 2010, 01:58 PM Reply Like
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