re: #170 Pianobuff

For instance, I don’t think it was helpful (in fact it was harmful) to cut interest rates back to 1% in 2003 at the same time Greenspan was winking at ARM loans.

And then raising them as soon as housing started to fumble. Greenspan’s and now Bernanke’s Fed policies, have too much direct influence on the economy. It wasn’t just the ARM loans, Fed should have raised flags instantly at the rampant mortgage backed securities nonsense.

Nope, not a Paulian myself - could not even articulate any of his positions other than “audit the Fed,” which I hear on LGF from time to time.