Thursday, February 17, 2011

Oh, Gentle Ben

You get "paid" the big bucks, you should take the big risks, political, economic, and otherwise, no?

A study of the programs suggests that the liquidity facilities generated $20 billion in interest and fee income between August 2007 and December 2009, or $13 billion
-NY Fed

See, to me, that means the Fed could and and should have taken credit risks, perhaps up to $13 billion worth, or even legal risks, perhaps up to $13 billion worth...

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