Political Quotes

Jack Reed: “I mean, this has been described variously as the Fed put, which is basically we can go out, take some risk, and then we…”

On the recordFebruary 1, 2010
I mean, this has been described variously as the Fed put, which is basically we can go out, take some risk, and then we go to the--there is some way to put the risk off onto the Fed, which ultimately is the taxpayer.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Discussing the implications of banks offloading risk onto the Federal Reserve.

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