No. of Recommendations: 0
I dunno. The Fed has two tools, the funds rate and the discount rate, and both of them are hammers. I'm a tool kinda guy, so I think I'd try to figure out some other tools to use. It's not a fed issue, but maybe the hedgies should be taxed at regular earnings rates instead of as capital gains. One big thing is that we have to be sure that, in the future, any entity that performs banking activities must conform to banking regulations. It might be useful to find a way to spank S&P and the other ratings organizations, as well.

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