Idiots With Too Much Power



Never go full retard

 “It’s embarrassing for the Fed,” said Justin Wolfers, an economics professor at the University of Pennsylvania. “You see an awareness that the housing market is starting to crumble, and you see a lack of awareness of the connection between the housing market and financial markets.”

Many of the officials who appear in the transcripts have since spoken publicly about the Fed’s failings in the years before the crisis.

It's like throwing a loaded S&W .38 into the chimp enclosure at the zoo.