Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 13 January 2012 [View all]
Tansy_Gold
(18,167 posts)2. Little Alarm Shown at Fed At Dawn of Housing Bust
http://online.wsj.com/article/SB10001424052970204409004577157001537763864.html
In his second meeting as chairman of the Federal Reserve in May 2006, Ben Bernanke heard a Fed governor warn about the nation's mortgage market. But Mr. Bernanke described the cooling of the housing boom as a "healthy thing."
"So far we are seeing, at worst, an orderly decline in the housing market," he said.
Mr. Bernanke's words were contained in 1,197 pages of transcripts released Thursday of closed-door Fed meetings from that year. The transcripts paint the most detailed picture yet of how top officials at the central bank didn't anticipate the storm about to hit the U.S. economy
(I don't subscribe to WSJ, so all I got was this snippet off the goog. Enough to make you go
FUCKERS!!!!)
In his second meeting as chairman of the Federal Reserve in May 2006, Ben Bernanke heard a Fed governor warn about the nation's mortgage market. But Mr. Bernanke described the cooling of the housing boom as a "healthy thing."
"So far we are seeing, at worst, an orderly decline in the housing market," he said.
Mr. Bernanke's words were contained in 1,197 pages of transcripts released Thursday of closed-door Fed meetings from that year. The transcripts paint the most detailed picture yet of how top officials at the central bank didn't anticipate the storm about to hit the U.S. economy
(I don't subscribe to WSJ, so all I got was this snippet off the goog. Enough to make you go
FUCKERS!!!!)
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
110 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Okay, but last year an article said it seems like nobody cares about dividends anymore.
tclambert
Jan 2012
#22
Republican Socialists, Democratic Capitalists GOP Pols Exploit Anti-Wall Street Rage By Ted Rall
Demeter
Jan 2012
#18
Damn, I'm old. I thought of files in terms of paper files in folders in file cabinets. Cre-eak.
tclambert
Jan 2012
#99
oh charlie brown would be great -- and you can never have too much charlie brown.
xchrom
Jan 2012
#54
Should the U.S. government consider additional initiatives to help underwater homeowners?
Demeter
Jan 2012
#48
If we add 200,000 jobs a month, will recovery take 7 years or 12 years? by Ezra Klein
Demeter
Jan 2012
#51
Mr. Davidson's Planet: NPR/NYT Guru Adam Davidson's Discredited Economic Principles
xchrom
Jan 2012
#57
MF Global sold assets to Goldman before collapse (and JPMorgan Kept the Proceeds from it)
Demeter
Jan 2012
#70
Twitter from Bloomberg: Italy cut two levels to BBB+ by S&P, EU official says
DemReadingDU
Jan 2012
#81