Fischer Says Bailout of Financial Firm Should Never Happen Again - Bloomberg
"Stanley Fischer, the nominee to be Federal Reserve Chair Janet
Yellen’s top lieutenant, said governments must devise measures to ensure
taxpayer dollars are never used again to save a failing bank.
“It is critical to develop now the tools needed to deal with
potential future crises without injecting public funds,” Fischer said in
the text of remarks prepared for a speech today in Stanford,
California."
...Holy Heresy Batman, does this mean the new nominee thinks what the
Fed has done since 2008 wasn't in the best interest of the public? I
know that's not what he said, but the tenor of his remarks certainly
shows he's not all in with helicoptering...perhaps this bubba needs more
education......Public funds are what we get from the public to do with
as we need...sheeesh..
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