2min chapter

Forward Guidance cover image

The Fed’s "Controlled Demolition" of The Financial System | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The Rise of Crony Capitalism

First Republic made a mortgage to Mark Zuckerberg, founder of Facebook. First Republic lent a lot to mansions and the Hamptons. This is just ridiculous. It smacks of the haves and the have nots. I'm going to be the go to for every wealthy person in America. Great. What's, what good are you doing again? You're going to do it by lauding Congress so that you don't have any regulatory overwatch.

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