An Alliance of Convenience: The Congress, the Primary Dealers and the Federal Reserve Board

The American Enterprise Institute in Washington hosted this discussion on the steps taken by the government to stabilize the financial markets. In the first session, AEI resident scholar Vincent R. Reinhart presented his findings gleaned from a series of conversations with market participants. Angel Ubide of Tudor Investment Corporation; Greg Ip, the U.S. economics editor of The Economist; and Christopher Whalen of Risk Analytics then responded.

AEI Discussion on Government Response to the Financial Crisis

My rant on the “Alliance of Convenience” between the Congress, the Primary Dealers and the Fed starts around 0:49 of the 01:43:10 program.

After, I had a thought: Should the GOP draft Sheila Bair as the next presidential candidate?  A conservative centrist republican with financial savvy?

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