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[Sarcasm] Imagine that: an economist takes a job in the finance industry. I, for one, won't stand for it.
by JonFish85 12y ago
[Sarcasm] Imagine that: an economist takes a job in the finance industry. I, for one, won't stand for it.
- sanderjd 12y agoYeah, my first thought was, Where else would he work?
- formulaT 12y agoWhile I don't hold strong opinions against the Fed's policies in general, I think there is legitimate cause for concern here. The Fed and mainstream economists argued that they really didn't want to bail out the entire finance industry in the global financial crisis, but they had no choice. But how can they credibly make arguments like this if there is a revolving door with the finance industry? There needs to be some evidence of unbiasedness if the Fed and SEC are to be the enforcers of the deal by which banks are regulated in exchange for this kind of bailout.
- deleted 12y ago[deleted]