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Author: Umm Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 465270  
Subject: Re: Granny, Deficits and Financial Repression Date: 5/2/2013 8:05 AM
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"I take a slightly different view of the Fed. Yes, they had to take the actions then took. My difference is that they could have singlehandedly prevented most of the meltdown. Unfortunately they were grossly incompetent IMO before the crash."

I do not disagree with any of that.

"Let me assure you that the Fed has NOT learned what they did wrong and how to prevent it in the future. (Lot of details I will not go into.)"

Or that either.
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