Bloomberg: Fed Says Systemic Regulator Might Have Eased Crisis
Submitted by admin on April 15, 2009 – 10:00 amNo Comment
“Should a systemic regulator see a rapid rise in asset prices, Rosengren said, it would first investigate the cause, whether the increase was boosted by leverage and whether mismatches in funding long-term assets with short-term liabilities were developing. All three of those forces contributed to the credit crisis in the U.S.,”
Ummm….these pointers were there in the economic data ALREADY. Anyone could have seen it – and some did. It’s now a s imple blame game covering up incompetency.
http://www.bloomberg.com/apps/news?pid=20601068&sid=a5p9mKWmdyPA&refer=economy
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