Steve Stanek of FIRE News discusses “Operation Twist,” the Federal Reserve’s program to move hundreds of billions of dollars of the Fed’s investment portfolio into longer-term debt. Critics argue the program is a new twist on an old policy that failed in the 1960s.
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Bernanke Puts New ‘Twist’ on Old, Failed Policy
Do Fed’s $1.2 Trillion in Loans Indicate a Worse Crisis Than We Knew?
Steve Stanek of FIRE Policy News discusses a recent revelation of $1.2 trillion in secret bailouts to US and foreign-owned banks and Wall Street firms.