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>The Fed continuously lowered regulations to feed the market in an attempt to prevent it from crashing. Uh... like what?
by koboll 8y ago
>The Fed continuously lowered regulations to feed the market in an attempt to prevent it from crashing.
Uh... like what?
- sertorius 8y agoOne would be the suspension of mark-to-market accounting procedures, where the requirement to value a bank's assets under current market conditions was suspended and they could value them under "ideal market conditions", which was fairly subjective.