Comments on: The Fed caves in to banks, interchange edition http://blogs.reuters.com/felix-salmon/2011/06/30/the-fed-caves-in-to-banks-interchange-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: maynardGkeynes http://blogs.reuters.com/felix-salmon/2011/06/30/the-fed-caves-in-to-banks-interchange-edition/comment-page-1/#comment-28080 Thu, 30 Jun 2011 21:11:03 +0000 http://blogs.reuters.com/felix-salmon/?p=8832#comment-28080 “Why Bernanke’s sending that message, on the other hand, I have no idea.”

I think you do….

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By: Than http://blogs.reuters.com/felix-salmon/2011/06/30/the-fed-caves-in-to-banks-interchange-edition/comment-page-1/#comment-28063 Thu, 30 Jun 2011 16:36:25 +0000 http://blogs.reuters.com/felix-salmon/?p=8832#comment-28063 You could try reading the publicly-available staff memo, which lays out the Fed’s reasoning in detail, before you get all self-righteous about “transparency” and pretend to be some huge populist.

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By: Woltmann http://blogs.reuters.com/felix-salmon/2011/06/30/the-fed-caves-in-to-banks-interchange-edition/comment-page-1/#comment-28054 Thu, 30 Jun 2011 13:09:09 +0000 http://blogs.reuters.com/felix-salmon/?p=8832#comment-28054 I’ve had it explained to me this way: doing business with the Fed is like making an agreement with someone who has absolutely no intention of following through with their part of the bargain. They are going to do whatever they want to do (whatever the banking industry wants them to do) no matter the law, the ramifications upon real people outside the Club or any inconvenient agreements they might have made previously, and who is going to make them do anything they don’t want to do anyway? If somebody doesn’t like it – tough!

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By: Foppe http://blogs.reuters.com/felix-salmon/2011/06/30/the-fed-caves-in-to-banks-interchange-edition/comment-page-1/#comment-28051 Thu, 30 Jun 2011 09:54:12 +0000 http://blogs.reuters.com/felix-salmon/?p=8832#comment-28051 What on earth did you include that last sentence for?

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