“U.S. Federal Reserve Secretly Loaned $1,200,000,000,000 in Public Money to Wall Street Firms”

Bizarre disconnect or practicality borne of desperation? From the Moral Low Ground website:

“…such liquidity lifelines encourage excessive risk-taking by firms which borrow money from the Fed, and the assumption that easy bailout money is readily available can lead to risky behavior. This is known as ‘moral hazard.’

“And speaking of morals, what does it say about our country that massive Wall Street firms get bailouts while ordinary citizens– homeowners and small business owners– got hung out to dry?”

From: http://morallowground.com/2011/08/22/u-s-federal-reserve-secretly-loaned-1200000000000-in-public-money-to-wall-street-firms/

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