Brad Delong argues that the Fed should have charged interest on its huge lending to Morgan Stanley in September 2008 just as the government did with TARP. The argument is a sensible one (if you are for such actions by the Fed).
http://delong.typepad.com/sdj/2011/11/yes-the-us-government-ought-to-own-the-banks-now.html
For those of you who were too busy arguing whether the red elephant or blue donkey is better, this is in regards to Bloomberg's victory a few days ago in the fight against the Fed to extract info on lending to banks that was previously disclosed. The released data showed Morgan Stanley's borrowings from the Fed go from $21.5 billion on 9/16/2008 to $107 billion eight working days later.
http://delong.typepad.com/sdj/2011/11/yes-the-us-government-ought-to-own-the-banks-now.html
For those of you who were too busy arguing whether the red elephant or blue donkey is better, this is in regards to Bloomberg's victory a few days ago in the fight against the Fed to extract info on lending to banks that was previously disclosed. The released data showed Morgan Stanley's borrowings from the Fed go from $21.5 billion on 9/16/2008 to $107 billion eight working days later.
