Sunday, August 28, 2011

Federal Reserve Contempt for Main Street USA

For the last three years we have been told repeatedly by government officials that funneling hundreds of billions of dollars to large and teetering banks during the credit crisis was necessary to save the financial system, and beneficial to Main Street.... But this has been a hard sell to an increasingly skeptical public.

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Source: Morgenson, G (2011, August 27), The Rescue that Missed Main Street, New York Times Online.

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