Wed, 02 May 2012 12:40:51 GMT
Richard Fisher, the Dallas Federal Reserve President, was somewhat of a lapdog before this crisis. In fact, I mocked his generally oblivious nature before this crisis hit. He was in the ozone. But, I must say, he has made a reasonably graceful recovery and has been consistently on the side of democracy. At least as much as someone who is part of the public-private partnership of the Federal Reserve can be. We need a fully public and accountable Federal Reserve. Fisher has been beating the drums of too big to fail for quite a while and isn’t backing down. Some interesting charts in the Dallas Fed’s recent presentation…. Barron’s article and link to the Dallas Fed presentation here. I know the WSJ properties sometimes have links that only work from Google so if that link doesn’t work, the Fed’s presentation is here. By the way, make sure you look at the sixth chart. There was a period after the Civil...
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