Federal Reserve - Intentionally Causing Economic Crisis!

  • 15 years ago
Steve Forbes believes that the federal reserve has intentionally caused an economic crisis by pumping excess liquidity into the markets over the past decade. He suggests that the Bush administration could have prevented this by having a strong dollar policy. Forbes further goes on to suggest that Freddie Mac and Fannie Mae fueled the housing bubble by purchasing billions in sub prime mortgages which were re-packaged into MBS securities which have been punished in value. Finally, mark to market accounting policies destroyed cash flow positive companies.