tag:blogger.com,1999:blog-1194375569044391746.post4867023551233489975..comments2024-03-28T05:30:09.322-04:00Comments on Corporate Justice Blog: The Federal Reserve We NeedSteven Ramirezhttp://www.blogger.com/profile/16741346526253732489noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1194375569044391746.post-3017506373481943512010-11-16T11:26:24.807-05:002010-11-16T11:26:24.807-05:00There is no doubt that the Banks engaged in neglig...There is no doubt that the Banks engaged in negligent lending practices thought the world. It is also may be true that members of the Federal Reserve have engaged in something that may be tantamount to insider trading. However, the accusation that the Fed sided solely with the interest of private banks is absurd and ridiculous. When the Fed “bailed out” the big banks they were essentially bailing out everyone in America. When Lehman brothers was allowed to fail, the stock market plunged, billions of dollars where lost and the failure impacted businesses worldwide. Individual bank accounts lost any amount in excess of 250,000 the amounts insured by the FDIC. What would have been the world wide impact if every big bank that the Fed bailed out would have failed?Saulo P.noreply@blogger.comtag:blogger.com,1999:blog-1194375569044391746.post-9231787430242421932010-10-22T11:23:14.771-04:002010-10-22T11:23:14.771-04:00This is simply too much. Why would administration...This is simply too much. Why would administrations appoint laissez faire champions as the chair of the Federal Reserve? Terrible.Anonymousnoreply@blogger.com