Jun 05 2008
Investor, Know Thy Fed!
Now that we’ve seen the collapse get into high gear over the last ten months, its time to revisit the great game that goes on in Wall Street after every bubble bursts — its called the Bailout Game, and you and I have been seeing lots of that since Bear Stearns’ hedge funds blew up in July of 2007.
Understanding the historic relationship between the Fed and its member banks / big Wall Street banking is essential in figuring out what’s transpiring as we speak.
