Bailout FOR the FED, Not from It

Written by Gary North on November 28, 2011

Remember this question: “Who guards the guardians?” I offer another: “Who lends to lender of last resort?” This is not hypothetical. The Federal Reserve is called the lender of last resort. In theory, it can always escape  an audit. It cannot be shut down. But this applies legally only to the Board of Governors, an […]

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