Real World Analysis - Week 5 - Denise Seals

Real World Analysis - Week 5 - Denise Seals - Name: Denise...

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Name: Denise Seals Email: DeniseSeals@letu.edu Title: Don’t Punish Fed with Audit Citation: (Amadeo,2009) __________________________________________________________________ My Reasons for Selecting this Article The reason I selected this article is because one of the largest problems we are facing in this down turn is the negligence of the Federal Reserve loaning money to banks. In addition this is one of the largest monopolies still in existence. Everyone including the Federal Reserve should have to open their books to see the transparence of their operation. This article sheds light on the potential audit for the Federal Reserve. The Author(s) Main Points If the Feds are forced to have an audit, then it must reveal foreign and domestic banks they lent money to. The chairman of the Federal Reserve’s opposes this bill because if they reveal this information it would seem as if the Feds are no longer setting interest rates independently. The reason the Federal Reserve has acted quickly to pull economy back into place
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This note was uploaded on 03/25/2010 for the course MBAC 6605 taught by Professor Smith during the Spring '10 term at Baylor.

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Real World Analysis - Week 5 - Denise Seals - Name: Denise...

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