Do you think the FED knew or didnt care that raising interest rates 300 points would/did send OC into bankruptcy? Or is it mismanagement of the funds by OC?
If the FED did know what they were doing, are you saying that they would do the same thing this time around? With the whole whole in the same boat? It really is different this time around. You just have to look at the effort put forth. That's the reality.
How people describe their actions...
When the outcome is good, you timed it right.
When the outcome is bad, you panicked.
[quote author="morekaos" date=1229476809]"Those" is the billions of dollars buying T-bills at negative rates of return. "Those" are individuals and institutions buying 30 year Treasuries with a 2.935% return. "Those" are all the panicky dollars yearning for safety. They will all get crushed.</blockquote>