Friday, December 3, 2010

Peter Schiff: Stop Prop-Ups, Let Dying Banks DIE!

The US Federal Reserve released details regarding more than $9 trillion in emergency funding it gave both US and foreign banks during the global financial crisis. The Fed argues the program breaks no rules, however Peter Schiff, President of Euro Pacific Capital contends that the unilateral decisions made behind closed doors by the organization are unconstitutional and US judges should begin to enforce the law.

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