If Federal Reserve bigwigs were held to the same standards as were doctors, malpractice claims would have been in banner headlines during the financial meltdown.
In truth, much of the responsibility of the financial bust rests with the easy-money policy of the Fed, apart from the politicos in Congress who wanted everyone in America to have a home of their own, whether they could afford one or not.
Unfortunately, the Federal Reserve today is creating a future world-wide bubble by continuing its easy money dogma.
Easy money policy is certainly not helping create loans for a recovery of this country’s Industry, particularly small business, which finds it very difficult to get credit.
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