Fed is Not King Midas
• Michael Shedlock / MishLogically speaking, this proposal would have the Fed guarantee all bank and broker dealer debt simply by touching it. And this is not a "cool idea", it's insanity. The Fed is not King Midas.
Logically speaking, this proposal would have the Fed guarantee all bank and broker dealer debt simply by touching it. And this is not a "cool idea", it's insanity. The Fed is not King Midas.
