Time to go unconventional?
October 07, 2008 at 16:51 PM EDT
[Skip to the end] 1. Fed needs to lend unsecured to any member bank in unlimited quantities and set term as well as ff borrowing rates. This will normalize bank liquidity, and should have been done as soon as we went off the gold standard domestically in 1934(?). To keep solvency accounting with FDIC the FDIC can [...]
