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It's still not clear that another motorcycle company would receive the same deal as Harley Davidson. Surely Harley Davidson wasn't the only motorcycle company a
by jimmyk 16y ago
It's still not clear that another motorcycle company would receive the same deal as Harley Davidson. Surely Harley Davidson wasn't the only motorcycle company affected by the commercial paper freeze. Was it a good idea for the Fed to step in and fulfill that function? Maybe. But that doesn't mean it was ideal and there's nothing to complain about.
- msbarnett 16y agoComplaints are only valuable insofar as they are constructive. What should they have done differently? If bank lending really was frozen solid, is the argument that it would have been better for the Fed not to make these loans, and not turn a profit in doing so? There's some vague hand waving here about competitors who may also have been affected by the credit freeze who may not have received similar details, but I'm not seeing any specifics. Are you simply complaining that there may be something to complain about?
- jimmyk 16y agoI'm not certain anything could have been done differently. At least not at the late stage that the Fed had to act. Then again, I'm a programmer and not a central banker. I'm mainly complaining that the situation was allowed to get to the point where the Fed had to take these kinds of drastic and secretive actions and that they did it without any oversight.