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Written by Ryan Goodenough
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Thursday, 31 July 2008 09:15 |
Senior Fellow Walker Todd was featured in an article from Bloomberg, "Fed Loans to Failed Banks Made Easier by Fannie-Freddie Rescue." Todd was quoted as saying that:
"Once the Fed starts lending to a bridge bank, or indirectly to the FDIC, where is the incentive to ever stop?'' said Walker Todd, a former Cleveland Fed attorney and visiting research fellow at the American Institute for Economic Research in Great Barrington.
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