The Washington Post Thinks That Bankers Act in the Best Interest of the Economy

That is what readers of a piece on the Fed's recommendations for housing policy are likely to take away. At one point the article comments:

"More than perhaps any other federal agency, the Fed was established to operate independently of both the president and Congress so that it would be free of political pressures when judging what's best for the economy."

What is most extraordinary about the Fed is the fact that it includes provides the industry it oversees, the banking industry, with the a...