Eliot Spitzer

Fed Dread

The New York Fed is the most powerful financial institution you've never heard of. Look who's running it.
Pub Date: 
Wed, 05/06/2009
Author: 
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...[W]hat we have seen is disastrous groupthink, a way of looking at the world from the perspective of Wall Street and Wall Street alone. That failure has brought the world economy to the edge of unraveling. And some of Geithner's early missteps betrayed an inability to get beyond this tunnel vision, such as the idea that the banks need to be first in line to be paid and to be paid in full.

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