Ex-Fed Official Blasts Bear Deal
The Fed’s intervention to stave off bankruptcy at Bear Stearns will come to be seen as “the worst policy mistake in a generation,” said Vincent Reinhart, the former head of monetary affairs at the Fed.
The Fed’s intervention to stave off bankruptcy at Bear Stearns will come to be seen as “the worst policy mistake in a generation,” said Vincent Reinhart, the former head of monetary affairs at the Fed.
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