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February 11, 2009

The Fed - another reason Obama stimulus might not work

If the Federal Reserve is antiquated or obsolescent, can it really be a key to economic recovery or stability?

Exactly that question is on the mind of top MSN financial analyst Jim Jubak. Not afraid to call the Fed, in essence, an obsolescent pile of crap, he lists five specific failures/problems/issues from the recent past.

Yet another argument, in my opinion, for getting the Federal Depository Insurance Corporation involved.

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