Fed Under Fire: Meetings at High-Priced Resorts

The Federal Reserve is coming under fire for holding conferences at exotic high-priced locales even after prior excursions by bailed-out companies like AIG raised the ire of government officials and taxpayers alike. "It was totally inappropriate for the Fed to have its retreats at these very lavish resorts," said Peter Morici, professor at the University of Maryland Robert H. Smith School of Business. "At a time when so many Americans are losing their jobs and scraping along, it is very...Full Story
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