“There has not been a chairman of the Federal Reserve Board with sound monetary instincts since Paul Volcker resigned in 1987.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore — (TFN): The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal [...]
“Mr. King has attached enough conditions to these loans to make the risk to the taxpayer much smaller than it might have been. He’s also helped to make life easier for banks with genuine liquidity problems. Problems with actual solvency are quite another matter however.” — John [...]
Tags: bailout, Bank of england, banking crisis, debt, foreign investment, governor, john Stepek, liquidity, mervyn king, morgage rates, solvency, uk