Why Consumers Can’t Trust the Fed

in Bank Gold economy Gold Spot Market by admin — March 17, 2010 1:34 pm | no comments

Embedding consumer protection in the Fed could be worse than imperfect. By giving the imprimatur of a consumer protection office to an agency that has long resisted consumer protection, Congress risks creating a false sense of security among policymakers and the public. The Fed’s politically reactive posture is the exact opposite of the sustained care that consumer financial protection demands. WRH permalink

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Why Consumers Can’t Trust the Fed

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