"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Newly Released Documents Show the Housing Crash Took the Federal Reserve Completely by Surprise
Submitted by Melinda L. Secor on Sun, 2012-01-15 02:00
in
"For today’s FedNews Friday feature we have got some news for you! Some just-released documents that became public Thursday reveal how badly the housing market crash and subsequent economic implosion took the “experts” at the Federal Reserve by surprise."
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