Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Don't put too much faith in the Fed, it turns out they are just Wall Street's lapdog

Livewire News

Livewire

Don't put too much faith in the Fed, it turns out they are just Wall Street's lapdog. Michael Lewis reports that 46 hours of tape recording, made secretly by a Federal Reserve employee, of conversations between the Fed and Goldman Sachs have been made publically available. The tapes reveal the extent to which In meetings, Fed employees would defer to the Goldman people; if one of the Goldman people said something revealing or even alarming, the other Fed employees in the meeting would either ignore or downplay it. Lewis says you may have had a suspicion that the regulators were more of less controlled by the banks... well, now you know. (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.