Sucker

Central banks mull buying mortgages

The U.S. Federal Reserve and some of its European counterparts are talking about the practicality of using public money to buy large quantities of mortgage-backed assets to clean up the credit mess jeopardizing global economic growth, the Financial Times reported Saturday…

FURTHER READING

Central banks float rescue ideas” By Chris Giles and Krishna Guha, Financial Times, March 21 2008.

Split Is Forming Over Regulation of Wall Street” By EDMUND L. ANDREWS and STEPHEN LABATON, New York Times, March 23, 2008.

Fed nationalizes (some) banks!” by Michael S. Rozeff, Lew Rockwell blog, March 11, 2008.

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About Tim Peck

Unaffiliated Objectivist
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