The Fed is Stupid not to Learn from the Mistakes of Others

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Reader comment on:
Are America's Banks Being Nationalized by the Fed?

Submitted by Jeff, Mar 14, 2008 17:48

The Fed is making the Japanese look smart. The Japanese banks wouldn't write off bad loans and the Japanese gov't ran their interest rates to zero. In the U.S. the Fed won't let the banks write off the bad paper and won't let the stupidest of the bunch (banks etc) go under....it may be a LONG time before things get better....ask the Japanese.

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Other reader comments on this article

Comment	By	Date
I personally think that the Fed itself should be nationalized. It MIGHT, after being nationalised, begin to act in the interest... [MORE]	James Gwaltney	Mar 17, 2008 14:50
The 'Fed' is in the business of riding herd on our economy. The 'proof' of their recent action is seen... [MORE]	Kenny	Mar 16, 2008 12:21
that is nice,u.s.a. is donning the role of bull to maul bear pemneanetly [MORE]	wilsonjames	Mar 16, 2008 04:46
The Fed is making the Japanese look smart. The Japanese banks wouldn't write off bad loans and the Japanese gov't...	Jeff	Mar 14, 2008 17:48
Kudos to Mr.Waldman and Julie Satow trying to enlighten the masses of what the Fed and their supporters have planned... [MORE]	Randall Campbell	Mar 12, 2008 19:59
The $200 billion federal pledge is simply a way to keep bank liquid if there were a run on the... [MORE]	gene cohen	Mar 12, 2008 12:55