NY Fed’s ‘Unusual Position’ re Bailout Funds

Do the Federal Reserve Bank of New York’s attempts to recover taxpayer funds used in the financial crisis bailout betray its mission to ensure the stability of the financial system? R&R Consulting principal Sylvain Raynes weighs in. Read the full article by Caroline Salas and Jody Shenn, “New York Fed Faces ‘Inherent Conflict’ in Mortgage Buybacks,” Bloomberg, October 21, 2010.