If the Fed had focused on getting the securitization market going again, as it promised in November, situations like that in which CIT Group (CIT) is now, would have never happened, Steve Forbes told CNBC Tuesday. According to Forbes the Fed should have aggressively moved on MBS. “CIT would have never have been in this trouble if the Federal Reserve had gotten the securitization market working again,” Forbes told Squawk Box.
Steve Forbes on CIT and Securitization Markets
By editor Jul 14, 2009, 4:59 PM Author's Website
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