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Wednesday, November 10, 2010

Case Study: Fed-Induced Speculation

A Citibank loan illustrates the decline of credit judgment that that occurs when banks are awash with money pumped into the system by the Federal Reserve’s ill-advised efforts to boost employment and perpetuate a speculative boom.

Posted by Thomas E. Brewton on 11/10 at 10:07 PM
Economics • (3) Comments
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