Fed’s image tarnished by newly released documents
• Washington PostWhat was on the minds of some of the nation’s top economic and financial thinkers just ahead of the financial crisis and subsequent great recession. Fed leaders, armed with the best economic data available, had little idea of what was looming less th
http://www.nytimes.com/2012/01/13/business/transcripts-show-an-unfazed-fed-in-2006.html
The officials laughed about the cars that [home] builders were offering as signing bonuses, and about efforts to make empty homes look occupied. They joked about one builder who said that inventory was “rising through the roof.”
But the officials gave little credence to the possibility that the faltering housing market would weigh on the broader economy,What was on their minds ?
seems pretty obvious...........RAPE PILLAGE AND PLUNDERING OF THE WORLD !