The Federal government was truly broadsided by the collapse of the housing market if a 2006 transcript is to be believed. According to the recently discovered document while the signs of a distressed market were beginning to show themselves the Fed’s downplayed the risk. According to Binyamin Appelbaum in a response to the New York Times: “The [...]
Housing Market Transcripts From 2006 Reveal: Feds Were Clueless is a post from: The Inquisitr