Fed Slow to Grasp Scope of Subprime C...

Fed Slow to Grasp Scope of Subprime Collapse: Records

There are 6 comments on the www.foxbusiness.com story from Jan 18, 2013, titled Fed Slow to Grasp Scope of Subprime Collapse: Records. In it, www.foxbusiness.com reports that:

Newly released transcripts from meetings among Federal Reserve Board members in the second half of 2007 show the group as a whole was slow to pick up on the cataclysmic economic storm that was bearing down on the global economy.

In the summer and fall of that year most of America was just learning that a multi-billion dollar market existed comprised of nothing but securities built from loans given to people who probably had no business getting them.

Join the discussion below, or Read more at www.foxbusiness.com.

keep hatee go

Nha Trang, Vietnam

#1 Jan 18, 2013
Dr. Bill_phd! what math do U passed in school in NY;)
Halito

Winnemucca, NV

#2 Jan 18, 2013
Dome's Day Exchangiers....So much for Free Dome's...
Halito

Winnemucca, NV

#3 Jan 18, 2013
keep hatee go wrote:
Dr. Bill_phd! what math do U passed in school in NY;)
Was Mathew a tax collector? Or a Yellow brested warbler? Or a doo Lord taxing dove coats....How many birds dooed on your trees?
Ninthman

“Obama Shames the USA”

Since: Apr 09

Location hidden

#5 Jan 18, 2013
As White House budget director Jack Lew prepares to take over for departing chief of staff Bill Daley, it's worth revisiting the reality of Jack Lew's brief, less-than-illustrious stint at a unit of Citigroup that made money by betting against the housing market as it prepared to implode:
That was back in 2006. In other words, they all knew they were destroying our mortgage market before we did and they did it on purpose. Now Obama, the azzhole, makes this guy chief of staff? The democrats have become a party of traitors and the Federal Reserve bank chiefs taught them how.

Since: Mar 09

The Left Coast

#6 Jan 18, 2013
This has nothing to do with Barnie Frank.
Ninthman

“Obama Shames the USA”

Since: Apr 09

Location hidden

#7 Jan 19, 2013
Jack Lew was making tons of money on the mortgage crisis before Barney and Obama even manufactured the Mortgage crisis, Google 'Obama sues Citicorp'.

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