Perino on Bailing Out Bear Stearns - Lots of Carrots, Where's the Stick?

WThomasPayne — Tue, 18 Mar 2008 08:47:37 -0500

Has Dana Perino, mouthpiece for President George W. Bush, even looked at Operation Lifeline or HOPE NOW? In response to what the Bush administration was going to do for the little guy, after keeping Bear Stearns alive with a $30 billion low interest loan to JP Morgan Chase to acquire the firm and keep it afloat, said:

The Federal Reserve as a Tool for Social Change

WThomasPayne — Mon, 10 Mar 2008 10:04:52 -0500

The Federal Reserve Bank is set next week to further reduce interest rates for banks – the very banks that are looking to continue tightening the reins on granting credit. The Federal Reserve by all current wisdom would seem to be powerless to do anything but effect interest rates – but that is not the case.

economic policy

Perino on Bailing Out Bear Stearns - Lots of Carrots, Where's the Stick?

The Federal Reserve as a Tool for Social Change