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Comments on: Fed Decision and a Desperate Statement $$ https://www.valueplays.net/2009/01/28/fed-decision-and-a-desperate-statement/ A value investing site launched in Jan 2007 Tue, 08 Sep 2009 04:17:42 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: vasjpan2 https://www.valueplays.net/2009/01/28/fed-decision-and-a-desperate-statement/comment-page-1/#comment-2892 Fri, 27 Mar 2009 16:19:00 +0000 http://www.valueplays.net/2009/01/fed-decision-and-a-desperate-statement/#comment-2892 The 1913 Fed Reserve act (and Bagehot’s Lombard) allow patient nursing of just about any troubled assets. Why is it any different if the Fed holds them, or if demagogic frivolities like RFC, RTC or TARP do so? It all goes back to Joseph’s Pharaoh or Confucius ever-normal granary holding on to underpriced grain until famine.

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