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Real Estate & Property Law
: Housing WireFed?s Lacker: Expansion in Fed Lending Creates Instability
By KELLY CURRAN
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The recent expansion in Federal Reserve Lending to financial markets has extended well beyond the boundaries of supervision, creating instability and uncertainty for all, said Federal Reserve Bank of Richmond president Jeffrey Lacker, at a conference on monetary policy Wednesday.
While efforts to mitigate overall damages of financial turmoil is clearly understandable, said Lacker, such widespread [...]Full post as published by Housing Wire on November 20, 2008 (boomark / email).
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