From this article about the Fed’s loan programs of 2008:
“At no point was there a material risk to the Fed or the taxpayer, as the loan required collateralization,” said Reshma Fernandes, a spokeswoman for EverBank, which borrowed as much as $250 million.
Really? The fed loaning money to the banks in MASSIVE volumes wasn’t a risk to the Fed or the Taxpayer?
The US Dollar has lost significant value in the last 2 years.
This looks like risk to me.
