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Except for their role as referee. Forcing banks to implement their real time payments system FedNow seems like a good thing, but I’m just learning about it.
by gibbonsrcool 5y ago
Except for their role as referee. Forcing banks to implement their real time payments system FedNow seems like a good thing, but I’m just learning about it.
- landemva 5y agoHow well did they do as referee in 2008? Did they take prompt corrective action when it was obvious banks and rating agencies were mispricing their balance sheet items, or mostly wait for explosion and then bail out their buddies?