ForexInfoCenter

Have The Effects Of The Fed’s Shock-And-Awe Tactics Worn Off?

Posted by GraceCheng.com in June 10th 2008  
In this recent financial crisis, the Fed has pulled out all its big guns: it helped finance JP Morgan’s (JPM: 37.51 0.00 0.00%) purchase of floundering Bear Stearns; it gave credit lines to institutions it otherwise wouldn’t have, took “worthless” assets as collateral in exchange for loans, and basically anything it could think of to restore faith in the markets. There are many who say that some of these things are “reckless” and can only lead to further inflation, and that it is a wasteful Read More...

Filed under: Fundamental