[quote=Allan from Fallbrook][quote=aldante]
]…What illegal and unlawful acts are you referring to? If the Fed is up to something illegal and unlawful, what is it?
More to the point, if you’re asserting that there are “no facts” to go on, how are you alleging your purported conspiracy in the first place?…[/quote]
I don’t believe the Fed is doing anything illegal in the same respect as Goldman Sachs did nothing illegal…:)
Here is an article about the Fed discussing the housing bubble from 2005. http://www.huffingtonpost.com/2010/05/03/greenspan-wanted-housing_n_560965.html
Transparency??
Allen Greenspan …”I would say this: We run the risk, by laying out the pros and cons of a particular argument, of inducing people to join in on the debate, and in this regard it is possible to lose control of a process that only we fully understand. We have a ratchet in here where, if we were to move forward, we can’t go back. So the concept of transparency is a very important concept but one that should be approached with a recognition that we cannot move back and forth on it. I’m a little concerned here that by raising certain issues we may not be able to backtrack.”
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Interesting article that gives insight on how the Fed works.
