Thursday, December 1, 2011

It's Not the Fed's Job to Bail Out Europe's Banks and Governments

So says Kevin Williamson, here:

"Congress should make it clear — today — that the Fed’s mandate does not extend to bailing out Europe’s banks and Europe’s governments. This is especially true after the secrecy and unaccountability with which it conducted the $7.7 trillion shadow bailout on top of TARP."

A voice of sanity.