[Flick Lives]

The Fed’s own historic accounts are muddy on this event, yet they do admit that the goal of the central bank was to restrict liquidity in order to disrupt credit conditions that were allowing speculation to thrive. To this day Fed officials act as though they are unaware that their efforts to stimulate actually created financial bubbles. And to this day, they still act as though they are unaware that tightening policy into economic weakness has a tendency to cause those bubbles to implode.

The Fed is just another typical government agency. Staffed with people creating the very problems they're supposed to prevent and arrogant enough to not realize it.

[Cboldt]

-- The Fed is just another typical government agency. --

Federal Reserve is as much "government" as Federal Express is. Federal Reserve is a private bank.

[Bulwyf]

The Federal Reserve is a private entity.

Also, I would say it’s quite naive to think they don’t know what they’re doing. It’s intentional.

[RipSawyer]

“The Fed is just another typical government agency. Staffed with people creating the very problems they’re supposed to prevent and arrogant enough to not realize it.”

AAAAAAAAAAmen, AAAAAAAAAAAAAmen, AAAAAAAAAAAmen, Amen, Amen