Thursday, December 10, 2009

SHOULD THE FED BE THE SUPER-REGULATOR?

I used to think this was just a matter of which agency had the expertise but William Grieder of The Nation (h/t BuzzFlash) reminds me that there is another, much more serious issue: Moral Hazard. As I've noted before about the Federal Reserve Bank of New York, it's board is mostly made up of the very banksters who need the most regulation.

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