What could the FED of done to help the 2008 credit crunch?
by Mortgage Rates on Sunday, October 24th, 2010 | 2 Comments
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Nothing,now they control most of the U.S. banks and all the money loaned to congress went into bank CEO’s pockets and foreign banks to bail them out,not to the people it was supposed to help.
The FEDS did the right thing by rescuing AEG and other banks by keeping them liquid. Bernanke did the right thing and he did not create the problem but fixed it. Barney Frank (D. Ma.) head of the banking committee screwed it all up by allowing Freddie Mac and Fannie May allow too much easy credit.