Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1432983, member: 3011&quot;]It isn&#039;t the function of the Fed to make operational decisions for the member banks and their counterparties.&nbsp; The senior leadership of the financial institutions got themselves into trouble, and the Federal Government enabled them with the appropriate legislation.&nbsp; The central bank did their job.&nbsp; If they hadn&#039;t the situtation would no doubt have gotten worse than it did.&nbsp; As you alude, the Fed is only a tool.&nbsp; Their existence doesn&#039;t mean that irresponsible people won&#039;t hurt themselves.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in