Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed
MishTalk
FEBRUARY 21, 2014
Today the Fed released minutes of meetings at the start and during the great financial crisis. Some outside consultants presented to the Fed at that meeting, generally giving an amazingly rosy view of the world as well. All they have to do is pay out, as it is incurred, the interest that the structured-finance product can’t pay out.
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