Subscribe to Dollars & Sense magazine. Recent articles related to the financial crisis. Recapitalization: A Sisyphean TaskThe indispensable Yves Smith rightly directs attention to this FT Alphaville post. Here's the last sentence of the post:"Which is an admission, basically, that the Fed lost control of the Federal Funds Rate." Happy reading. Labels: financial crisis bailout, FT Alphaville, The Fed, US Treaury, Yves Smith |