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kleinbl00 · 3192 days ago · link · · parent · post: Somethings rotten in the economy FED holds emergency meetings
This will happen after the shit has hit the fan. We learned this last time: there is no political capital to be made in explaining catastrophic banking instruments to the general public until after they have laid waste to the economy. THEN you blame Janet Yellen and the Fed for ZIRP (regardless of the fact that it's a free-market fantasy from the get-go). Great thing about Dodd-Frank is everybody hates it - the liberals because it doesn't do enough, the conservatives because it doesn't do enough. So that football is gonna get hiked like it's the Superbowl regardless of what happens - so long as something happens. I think something is going to happen.