Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.

I ask that question because there are some very important industrial companies that have been financing at fairly attractive rates and are now going to have to refinance that at far less attractive rates. I think that will have every bit as significant an impact on the economy as the mortgage-backed securities. So unless we think through how we limit this, I think there’s a legitimate case for just about anything.

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