Forum Post: Why did a private bank group we call THE FEDERAL RESERVE raise interest rates 17X in a row causing Mortgage Foreclosures and World Economic Meltdown? Why? Why? Why? Greed? Evil? World Domination? Need PHD level economists to comment on this!
Posted 12 years ago on Nov. 6, 2011, 2:20 p.m. EST by FedWallFedWellFedUP
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Why did a private bank group we call THE FEDERAL RESERVE raise interest rates 17X in a row causing Mortgage Foreclosures and World Economic Meltdown? Why? Why? Why? Greed? Evil? World Domination? Need PHD level economists to comment on this!
to remove money from the system by higher interest rates
excellent MattLHolck thank you for your input
Any phD who comments on this will have his phD revoked. They don't teach this in school!
lol...so true
We had already securitized and sold off the junk. It was time to pull the plug. Let it implode and find a bottom. At that point, we can start the process again. Pretty simple.
excellent thank you happy banker
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