An Extended Breakdown of the Fed and Banks (Podcast)
Bloomberg Intelligence
00:00
The Fed's Failure to Recognize Inflation
There's a lot of fear running through the private credit markets right now that something is going to give. But in the absence of action from bank managers, don't they have regulators that are there to force them? I mean, what was Mary daily doing all this time? What was Janet Yellen doing when New Century went down? The fastest rising rate environment of the modern era has broken things. You can't take rates from zero to 500 basis points in 12 months and not cause some sort of damage.
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