Folks, (draft 1)

There seems to be a bit of confusion about the roles and separation of the Federal Reserves’ Monetary Policy and the Problem’s drive by the inherit weakness of the GSE’s such as Fannie Mae and Freddie Mac.

The Fed’s Monetary Policy guaranteed that there would be an exacerbated boom and bust, that is one driven by extreme mal-investment ending with an equally extreme correction; it was the underwriting by the GSE’s pointed the malinvestement towards housing.

Thus, it is the monetary policy creates the fools and the GSE’s bear them.

God Save the Republic,

Will