CIAO DATE: 07/2008
May 2008
American Enterprise Institute for Public Policy Research
Resident scholar Vincent R. Reinhart outlines how the Federal Reserve bailout of Bear Stearns tarnished the Fed's reputation, changed its relationship to nonbank lenders, and increased the likelihood of government intervention and regulation. He expects these changes to have long-term adverse consequences.
Resource link: Fallout from a Bailout [PDF] - 53K