When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Monday, March 24, 2014

The Federal Reserve, Before and After Lehman, Clueless, Confused, Inept

This so far, is the most under reported story of the 21st Century:

The Story of the Federal Reserve the Day After Lehman Brothers Collapsed - TheStreet: "The meeting after Lehman failed showed that central bankers, despite having witnessed Bear Stearns, Lehman Brothers and Merrill Lynch tumble and unemployment rates begin to surge, remained oblivious to how much further the crisis would deepen." (read more at the link above)


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects