Thursday, April 1, 2010

Enterprise: Bernanke's Room is Ready

I've got a post this afternoon over at The Enterprise blog on the Fed's release of financial data from all three Maiden Lane facilities.

I've already been told it's outrageous that the regional Fed banks spend all this taxpayer money on conferences. The cost maybe outrageous but it's not technically taxpayer money. The regional Fed banks are not actually government agencies. The Federal Reserve Board is but the banks are funded by commercial banks in their districts. We could call the fees that commerical banks pay an indirect tax on consumers but they are not directly your money. Plus the commerical banks get to sit on the Regional Feds' boards in exchange for their fees.

A bit of this could change under Charmain Dodd's bill. More on that later.

2 comments:

士銘士銘 said...

最敏捷的,未必贏得競賽:最強大的,未必贏得戰爭:時間與機會才是主人 ..................................................

于名于倫 said...

nice job! waiting for your new artical...................................................