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  1. Jas_Jain

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1.   Apr 15, 2008 12:06 PM

» Jas_Jain - Lenders Of Last Resort...

In response to Lenders Of Last Resort... posted by Normxxx:


--
Evildoer Bernanke forgot the most important part of "the lender of the last resort" -- at a penalty rate (significantly above the market rate)!

Born-and-bred dopes among the economists don't know that fact. It is easy to fool a population of born-and-bred dopes because they really don't know the important details of history.

Jas

-- posted by Jas_Jain


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