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The Fed Blundered In 2008 —And It’s Blundering Now | Richard Field

Forward Guidance

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Jamie Diamond's Company Would Have Gone Away Overnight

The government is taking preferred stock in the bank. The existing banks need the country, but the country doesn't need them. Jamie Diamond's company would have gone away overnight. We should have done away with all the two big to fail banks. With the Nobel Prize Committee was rewarding them with the Nobel Prize for preventing that from happening.

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