Here We Go Again

Apparently the Dallas Fed is quietly covering up the loan defaults spreading rapidly throughout the energy sector, as low oil prices fail to provide the necessary cash flow.

This is how we get to another financial crisis. Covering up the speedometer doesn’t change the car’s speed. It just means the wreck comes as more of a surprise.

We don’t need to merely audit the Fed – we need to get rid of it.

Both comments and trackbacks are currently closed.
%d bloggers like this: