Tuesday, April 29, 2008

Ex-Fed Official Says Bear Deal Worst Mistake in a Generation

The Federal Reserve's moves to prop up Bear Stearns Cos. will come to be seen as "the worst policy mistake in a generation," the former head of monetary affairs at the Fed. The Fed's moves "eliminated forever the possibility the Fed could serve as an honest broker," Mr. Reinhart said.

read more | digg story

No comments: