Fed aims to become counterparty in commercial paper market…. Necessary to normalize short term business lending during crisis, But introduces undesirable government control and intervention during non-crisis periods. This is *very* interesting. Bernanke power grab?
The TED spread is probably the most telling *leading* publicly available metric to measure how significant the impact of the Wall […]
Archive for October, 2008
Monday, October 27th, 2008