CrusaderFrank
Diamond Member
- May 20, 2009
- 148,628
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"ultra-low interest rates" are not a government regulation.
The government, i.e. the Fed, does not set short term interest rates? Really?
No, actually. They don't. They DO participate in the open market in an attempt to influence short-term interest rates. Sometimes it works, sometimes it doesn't.
But whatever you call that activity, it's most certainly not regulation.
F/F put their AAA credit on junk paper; that was the core of the problem.