View Full Version : Fed Transcripts released today will definately raise some dough.

Libertea Party
01-12-2012, 10:54 PM
End the Fed moneybomb?

While Ron Paul was predicting a housing crash the Federal Reserve (including Obama's current Treasury Secretary) was painting a laughable rosy future. Here are the Fed's greatest hits from 2006:

“We think the fundamentals of the expansion going forward still look good” ~Tim Geithner

Tim Geithner to Alan Greenspan:"I’d like the record to show that I think you’re pretty
terrific, too. [Laughter] And thinking in terms of probabilities, I think the risk that we decide in the
future that you’re even better than we think is higher than the alternative. [Laughter]"

Ms. Yellen said: “It’s fitting for Chairman Greenspan to leave office with the economy in such solid shape. The situation you’re handing off to your successor is a lot like a tennis racquet with a gigantic sweet spot.”

“I really believe that the drop in housing is actually on net going to make liquidity available for other sectors rather than being a drain going forward, and that will also get the growth rate more positive,” Ms. Bies told colleagues at the committee’s June meeting. Ms. Bies could not be reached for comment Thursday.