Saturday, April 3, 2010

"Knowing the price of everything and the value of nothing"

Robert Eisenbeis, chief monetary economist at Cumberland Advisors Inc., talks with Bloomberg's Betty Liu and Michael Mckee about the Federal Reserve's release of details about securities it acquired to aid the sale of Bear Stearns to JPMorgan Chase & Co., part of the information that Bloomberg News sued the central bank for in 2008.

The Fed, through its New York regional bank, also identified the securities acquired in the 2008 bailout of American International Group. (Source: Bloomberg)

(Video runs 4 mins 19 secs).

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