Financial Crisis Panel - Economics -- Two Plus Two Poker Forums

Two Plus Two Forums Archived Forums Economics

Financial Crisis Panel

...

01-08-2010 , 02:22 PM

Mark1808

adept

Join Date: Jan 2005 Posts: 1,114

Phil Angelides is heading up a congressional special commission to investigate the causes of the financial crisis.

http://www.latimes.com/business/la-f...,5889201.story

What are they chances that they will conclude that fractional reserve banking coupled with Governemnt insurance on deposits and loans, no backing for our dollar and a FED that can do as it pleases with no oversight are the culprits? Or will they conclude that it was just greedy bankers who only cared about making money.

01-08-2010 , 03:27 PM

TomVeil

Carpal \'Tunnel

Join Date: Oct 2006 Posts: 19,374

01-08-2010 , 04:23 PM

tolbiny

Carpal \'Tunnel

Join Date: Mar 2004 Posts: 10,448

Quote:

Originally Posted by Mark1808

The fed will get blamed for not raising interest rates soon enough to pop the bubble- but this conclusion will curiously ignore the concept that if the fed kept rates to low they might have caused the bubble.

01-10-2010 , 07:08 AM

Mrmusicrecorder

veteran

Join Date: Oct 2009 Posts: 3,361

0.5%

...