Comments on: Fed Accountability? http://guidoworld.com/blog/fed-accountability/ A safe place to think and feel. Tue, 15 May 2012 13:27:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Guido http://guidoworld.com/blog/fed-accountability/comment-page-1/#comment-1545 Guido Sun, 16 Nov 2008 17:56:02 +0000 http://guidoworld.com/blog/fed-accountability/#comment-1545 The sad thing is it really isn't a choice between keeping one's word and causing a run on the banks, but that's how the Fed wants us to feel. I know one is supposed to yell fire in a crowded theater, but one still needs to inform people that there is a fire. For more people will likely die if they are not told that there is a fire or where the fire is than by being told that a fire exists. Also the Fed should have brought up the concern rather than accept the bail out under the conditions set forth by congress. The sad thing is it really isn’t a choice between keeping one’s word and causing a run on the banks, but that’s how the Fed wants us to feel.
I know one is supposed to yell fire in a crowded theater, but one still needs to inform people that there is a fire. For more people will likely die if they are not told that there is a fire or where the fire is than by being told that a fire exists.
Also the Fed should have brought up the concern rather than accept the bail out under the conditions set forth by congress.

]]> By: G. Scott http://guidoworld.com/blog/fed-accountability/comment-page-1/#comment-1541 G. Scott Sun, 16 Nov 2008 14:33:11 +0000 http://guidoworld.com/blog/fed-accountability/#comment-1541 "This lack of disclosure is only intensifying the culture of fear and mistrust which is freezing our financial system." Their justification almost has the ring of truth: "We don't want to disclose this information because it will show which banks are weak, and that will cause runs on those banks." “This lack of disclosure is only intensifying the culture of fear and mistrust which is freezing our financial system.”

Their justification almost has the ring of truth: “We don’t want to disclose this information because it will show which banks are weak, and that will cause runs on those banks.”

]]> By: Fed Accountability? | arthritisgolf.com http://guidoworld.com/blog/fed-accountability/comment-page-1/#comment-1526 Fed Accountability? | arthritisgolf.com Sat, 15 Nov 2008 22:42:56 +0000 http://guidoworld.com/blog/fed-accountability/#comment-1526 [...] Read the original post [...] [...] Read the original post [...]

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