Tim Duy thinks the Fed has no intention of being Europe's lender of last resort, and it's likely...

|By:, SA News Editor

Tim Duy thinks the Fed has no intention of being Europe's lender of last resort, and it's likely reaction will prove too little too late: "The Fed is probably still mulling over what they perceive to be the limited U.S. exposure to Europe, just as they did with the U.S. subprime debt. And the relatively painless demise of MF Global probably reinforces that sense of complacency."