Credit allocation by the government is not a good idea, absolutely. But it doesn't have to be. Banks can have access to Fed funds on general terms, limited by the regulations that are currently in place: capital cushions, stress tests, no self-dealing, etc...
Credit allocation by the government is not a good idea, absolutely. But it doesn't have to be. Banks can have access to Fed funds on general terms, limited by the regulations that are currently in place: capital cushions, stress tests, no self-dealing, etc...
Credit allocation by the government is not a good idea, absolutely. But it doesn't have to be. Banks can have access to Fed funds on general terms, limited by the regulations that are currently in place: capital cushions, stress tests, no self-dealing, etc...