Paulson Economic conference

Discussion in 'Economics' started by Mvic, Mar 13, 2007.

  1. Mvic


    Boy does Greenspan like to hear the sound of his own voice. One thing that he said that was very interesting was that the Fed really doesn't know what is going on in the financial system because so much of what goes on is unrecorded and arcane and OTC. So for all the current Fed spouts about closely watching the system and responding to potential crisis before they bloom the truth of the matter is that problems can grow to the crisis point without the Fed even being aware of it as they are reliant on the trading houses to self report and as we all know they will not self report bad new until they have no choice and at that point the crisis will be upon us and it will be too late to prevent.
  2. S2007S


    Paulson will only talk positive at this conference.