Oct 13, 2008

Treasury vs. Fed -- love or war?

the fed is in charge of monitoring the us economy and acting in event of crisis.

the us treasury dept prints money and regulates banks.

after bernanke's initial statements and comments, it seems that it's, surprisingly, the treasury -- and not the fed -- is the one setting policy.

bernanke versus paulson? would love to be a fly on the wall in 202ville -- the detonation of a free market by definition prompts a handful of FASCINATING characters.

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