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NZReserve Bank $28b deal Federal Reserve

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By: ros6s460
29/10/2008
9:30 pm

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  ros6s460

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NZReserve Bank $28b deal Federal Reserve Reply to this message
Should we be worried about this?
This is insane that "The Reserve Bank Of New Zealand" would even want to deal with the Fed considering, the Fed is the cause of the current global economic crisis we are facing.

By: funwithsteve_chi
1/11/2008
3:10 pm

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Re:NZReserve Bank $28b deal Federal Rese ... Reply to this message
The Fed is NOT the (only) cause of the crisis. Simply put greed is the cause..Greed on Wall Street, greed of the general public (turning homes), greed in politicians (taking money from Fannie/Freddie for political support), and now the Fed for failing to act and ensure that markets were not properly regulated. The Fed is/was, by far, on the bottom of the list with Wall Street/politicians/public the ones to blame.
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