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No-fault Credit

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By Art Smith.  Posted Thursday, Mar 27, 2008 at 10:33 pm  
Filed Under: 2008 Presidential Election, Barack Obama, Democrats, Economy, John McCain, Markets, TAXES

Today we got to see some of the substance of Barack Obama’s plan for solving the current economic crisis.  Both Reuters and the Wall Street Journal have good write-ups.
Obama’s approach includes:

More power to the Federal Reserve over non-bank investment firms that borrow from the central bank
A ‘financial oversight commission”
$30 billion in aid for financially stressed [...]


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