Federal Reserve thought there was no crisis in 2007

The Federal Reserve wishes to apologize for a few minor errors in judgement that may have imperiled the economy

This is pathetic on so many levels. The Federal Reserve had no clue financial problems were coming in 2007. Yet blogs like Calculated Risk knew exactly what was coming and predicted it accurately. What’s worse, […]

Steve Wynn: The Fed is doing what Madoff went to jail for

Las Vegas casino mogul Steve Wynn says the Fed is running a Ponzi scheme just like Bernie Madoff did. Worse, the Fed is quietly and steadily causing inflation and that hurts everyone, as they bail out the already wealthy at the expense of the rest of us.

“The demand for American bonds wasn’t as great […]