Thursday, October 16, 2008

US Fed Learns from India’s Rulers

James Surowiecki:

”…The Fed has historically been the lender of last resort to banks. Now it’s becoming the lender of last resort to everyone…”

(The New Yorker October 20 2008)



Artist: Mick Stevens The New Yorker October 20 2008 Cartoon Caption Contest 166

Proposed Caption:

“It has been ordered by US Fed: Shower of currency notes on raging public…that’s what they do in India at the time of every elections.”