Federal Reserve seeks to implement ineffective reforms
mercredi 19 mars 2014 à 13:00The (inadequate) Dodd-Frank financial reform law tried to limit the Federal Reserve's power to bail out banks. The Federal Reserve seeks to implement it in regulations so weak that they won't change much.
It seems to me that emergency loans to banks should carry a variable interest rate computed so as to assure it is high enough that banks won't be eager to borrow this way.