Divining the Regulatory Goals of Fed Rivals - NYTimes.com

Divining the Regulatory Goals of Fed Rivals - NYTimes.com:

“For my own part,” Ms. Yellen said, “I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.”

I personally think Yellen and the rest of the Fed were lying. That is my opinion. I think they did see what was going on as I wrote here.


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