Relevant:
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- Ben Bernanke Finally Hires an Asset Bubble Buster: Jeremy Stein
- Fed, Blamed for Asset-Price Inaction, Is Told `Tide Is Turning'
- Fed May Cut Rate to Below Inflation, Risking New Asset Bubbles
- Bernanke Rethinks Bubbles But Still Gets It Wrong; Sign The Petition To Dump Him
2008-10-15 — bloomberg.com
Federal Reserve Chairman Ben S. Bernanke said the central bank will consider discarding its long- standing aversion to interfering with asset-price bubbles and warned that the banking business may be concentrated in too few companies.
Wow, maybe they will now police the financial fantasy-land they have created out of paper money.
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