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Fed Regional President: Bank Is Creating Moral Hazard

online.wsj.com — The Fed may be distorting private markets, encouraging risky behavior, and the central bank's independence may be endangered because of lending programs created to combat the credit crisis, Richmond Fed President Lacker said.

Bury
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  • dpatel, on 06/06/2008, -0/+1The bankers run this country. thanks to the illegal passage of the Federal Reserve Act of 1913 and the Banking Act of 1933 which gave the banking industry tremendous leverage in business and allowed them to control society by introducing the fiat monetary system.
  • Rabbittt, on 06/06/2008, -0/+1Excellent, someone with the balls to say it's time to put on the brakes and stop printing so much free money..
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