Hi Hal,
Quick follow up.
I did not post that link to the Fed. article to attempt to say that that was my total view. I thought that might be a good starting point for a discussion as I did not have the time to continue at that point.
I'll get back and would very much like to discuss the issue.
At this juncture, I will say, many have faulted the Fed. for all manner of things but I have yet to see someone "put their shoes on" and explain what they would do/have done to to solve the problem(s). I think we are clearly addressing the activities from the end of the Bush Administration forward at the moment. Not something going back to the origins in 1913.
This could prove to be a terrific discussion !!!!!
Lee