>From: Doug Henwood <[EMAIL PROTECTED]> > >Hinrich Kuhls wrote: > >>A couple of days ago the NZZ also reported on a rumour going around that >>the Fed could have directly intervened on stock markets and could have >>bought large amounts of stocks > >That one's always floating around. RIght-wing bears are particularly fond >of it. Who knows? Anything could happen, and the Fed is certainly >authorized to do so.
What?! The Federal Reserve is explicitly authorized to take equity stakes in private enterprise? My God, is there anything the sovereign state of the Fed is *not* entitled to do? Carl _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com
