Thursday, December 2, 2010

Federal Reserve Lending Policy--Subsidizing Big Mac's and Motorcycles?

The Federal Reserve disclosed Wednesday that it gave loans to foreign banks, GE, McDonalds and Harley Davidson among others.  Is this the role of the Federal Reserve?  Read the article and you decide.

http://online.wsj.com/article/SB10001424052748704594804575648740948074042.html