Posts Tagged ‘ collateralized loan ’

Fraud, Folly, and Central Banking

Sep 18th, 2007 | By | Category: Macro Economics
"Given how the Fed has reacted to the credit crunch so far, a Nobel Prize for Dr. Bernanke now seems out of the question..." "IT IS FRAUD to accept what you cannot repay," said Publilius Syrus way back in the first century BC. But Syrus was merely a Roman hack...and a freed ...read more