The Federal Confusion Corner
{ Posted on Apr 28 2009 by Minyanville }
As Minyans know I have described the intersection of Wall Street Constitution Avenue and Main Street as Confusion Corner but increasingly I am wondering if the term might be better used to reference the intersection of the various branches of our federal government. As someone who tries hard to interpret the tea leaves in Washington I can only describe the comments from various Government leaders as well "confusing." Yesterday FDIC Chairwoman Sheila Bair offered at the Economics Club of New York that the FDIC insurance fund should only be used for bank deposits. Someone may want to remind her ...
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