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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (92285)3/16/2008 9:30:23 PM
From: bart13  Read Replies (2) | Respond to of 110194
 
I'm actually surprised myself at the PDCF announcement.

On the other side and at the risk of getting flamed, all intervention isn't bad. None of us know the full details.



To: TH who wrote (92285)3/17/2008 6:24:04 AM
From: Telemarker  Respond to of 110194
 
Well, it's not as if he didn't tip his hand.

federalreserve.gov

At the time, I figured the fed. was looking for market impact and Ben was chosen as the fall guy, his career sacrificed for the greater good. Imagine my horror when he was subsequently promoted to the height of his incompetence.