FED McTeer: The FED never lost any money through lending

Jermak , Mittwoch, 19.03.2008, 04:23 (vor 6532 Tagen)

Should investors be worried the Fed has become a lender of last resort for Wall Street? Not really. "These are loans--not gifts--and they're fully collateralized," says Robert McTeer, former president of the Dallas Federal Reserve. "The Fed has never lost any money [through] lending and doesn't intend to, I'm sure."

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