[quote=Rich Toscano]There are so many legitimate reasons to be critical of the Fed… THAT’S what you pick to complain about?[/quote]
Yeah! No kidding. I do agree that several of those guys were asleep at the wheel. Especially in the early years during the Great Recession when it was OBVIOUS that were were heading for problems in the housing market and they were saying everything is ok and we can see “the light at the end of the tunnel”. (Only they didn’t know that light was an oncoming speeding train!)
But I WILL say that these are pretty sharp guys. I have met Tim Geithner a few times and he is an extremely level headed and intelligent guy. You’re always going to get Monday morning quarterbacking going on.
The reality is that most people complaining couldn’t do any better. The task these guys have is tremendous and even if they want to do something individually they really can’t.
I’ve found that the people that complain the most, you ask them what their plan would have been and really they can’t begin to comprehend how complicated and difficult everything is.
Yes, LOTS to complain about but also their task is an almost impossible task sometimes.
