Thursday, December 1, 2011

Wall Street Execs Urged Central Banks to Intervene in September

Well, this blog is called Shocked for a reason. The Wall Street Journal reports today that Wall Street executives held a private meeting with a top Federal Reserve official in late September and recommended a "coordinated effort by central banks to remedy the European financial crisis". The journal says this was revealed in Fed documents received in an open-records request.

Wow, and what happened yesterday?

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