The Federal Reserve's moves to prop up Bear Stearns Cos. will come to be seen as "the worst policy mistake in a generation," the former head of monetary affairs at the Fed.
The Fed's moves "eliminated forever the possibility the Fed could serve as an honest broker," Mr. Reinhart said.
honest brokerEx-Fed Official Says Bear Deal Worst Mistake in a GenerationDigg - Business & Finance Tue, 04/29/2008 - 08:57
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