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Could This Be The Piece Of The Puzzle That Fixes The Credit Crisis…Or Is It Just A Licence To Print Money?

By Andy Shaw | January 23, 2010

Originally Posted 21st April 2008

Well , I was honestly shocked this week ;-) to read that the Fed have finally moved the goal posts to support the banks affected by the credit crisis. I mentioned in an earlier article how the Central Banks following the Latin debt crisis of the 70’s allowed the banks affected to actually move the down valued assets off their balance sheet. So in effect just counting them as if they really were worth what they originally were lent for.

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Topics: The Economy | Comments Off

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