Thursday, April 10, 2008

The Love of Money

It's the root of all evil, doesn't the Bible tell us?

You might recall that the Federal Reserve last month opened its discount window for borrowing money at cheap rates to non-banks for the first time since the Great Depression. It was a radical step, aimed at easing the credit crunch and unlocking the markets.


So in the midst of a debate over whether greedy and irresponsible homebuyers should get a hand from the government, Wall Street firms seem to be bundling together a bunch of financial junk and shoving it on the Fed, in return for the government's gracious extension of credit.

  WaPo



....but hey, do what you want....you will anyway.


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