This is a good move. The numbers match the scale of the subprime lending fiasco. The Fed is stepping up to the plate.
But I still wonder why all the C-level geniuses (and their captive boards) who created this mess are keeping their jobs. Is this how capitalism is supposed to work?
What's Another $1.15 Trillion? [View article]
But I still wonder why all the C-level geniuses (and their captive boards) who created this mess are keeping their jobs. Is this how capitalism is supposed to work?