Quote:
Originally Posted by Sauron
During the time period in question, #2 was high - much higher than it is now. #3 hasn't changed. I'm not aware of the Fed doing much about #1 either.
So I guess I don't see where the Fed did anything special to cause this crisis in the mortgage industry. |
You are kidding, right?
The interest rate
during the time period in question is irrelevant. The interest rates and actions of The Fed
before the time period is relevant.
Nevertheless, you quote nominal rates -- rates that are not corrected for inflation.
Now, before you go look up the inflation rates
over the time period in question, realize this: The Fed and the government has a vested interest in mis-representing inflation. Now, run along.
Quote:
Originally Posted by Stormlight
That's because it didn't. This whole "the banks had too much money in their vaults" is silly (to put it mildly).
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Do you copy your parrot or does your parrot copy you?