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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 8 years ago on Nov. 6, 2011, 2:20 p.m. EST by FedWallFedWellFedUP (183)
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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!

7 Comments

7 Comments


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[-] 1 points by MattLHolck (16833) from San Diego, CA 8 years ago

to remove money from the system by higher interest rates

[-] 1 points by FedWallFedWellFedUP (183) 8 years ago

excellent MattLHolck thank you for your input

[-] 1 points by sudoname (1001) from Berkeley, CA 8 years ago

Any phD who comments on this will have his phD revoked. They don't teach this in school!

[-] 1 points by FedWallFedWellFedUP (183) 8 years ago

lol...so true

[-] 0 points by happybanker (766) 8 years ago

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.

[-] 1 points by FedWallFedWellFedUP (183) 8 years ago

excellent thank you happy banker

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