Lucille
01-25-2009, 08:00 AM
Fed Reserve Fails to Reflate the US Banking System (http://www.youtube.com/watch?v=pZsY1rFr_yw)
For decades central banks set monetary policy according to nonsensical beliefs about credit expansion. The inability of the Fed to stop the current crisis via emergency lending to banks demonstrates that Fed policies are a failure. This movie reveals the scale of this disaster.
Related:
Who will bail out the Fed (http://rightcoast.typepad.com/rightcoast/2009/01/who-will-bail-out-the-fed-tom-smith-.html)?
For decades central banks set monetary policy according to nonsensical beliefs about credit expansion. The inability of the Fed to stop the current crisis via emergency lending to banks demonstrates that Fed policies are a failure. This movie reveals the scale of this disaster.
Related:
Who will bail out the Fed (http://rightcoast.typepad.com/rightcoast/2009/01/who-will-bail-out-the-fed-tom-smith-.html)?