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| Permalink View Article Stats (1 comment) Promoted to Headline (H2) on 1/17/12: The Federal Reserve Knew About the Housing Bubble in 2004 Quicklink submitted by Amanda Lang (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| The data -- both anecdotal and otherwise -- was out there, and the Fed even discussed it internally. Let's not let it off the hook. I noticed something odd about the recent release of the 2006 Federal Reserve Open Market Committee transcripts. Binyamin Appelbaum has a characteristically good article about the inept chatter at the FOMC meetings that year, where the various participants missed the housing bubble completely. And there has been suitable mockery of the Fed. What I'm finding, though, is a bit of an apologia for these folks in the form of 'no one knew.' This is just not true. |
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This Means....
by Dennis Kaiser on Wednesday, Jan 18, 2012 at 7:05:04 AM