Ep. 264 Is the Fed Bailing Out the Banks
Bob Murphy Show
00:00
The Fed's Bailout of a Bond
The Fed is lending money to ailing banks, but critics say it's like a bailout. The central bank should lend freely on good collateral, says Walter Badget. But in this crisis, people are asking what about the other clause of that dictum: So the Fed will charge a super high interest from the chaff?
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