Just from a media monitoring perspective, I wonder who in the Feds, if at all, is monitoring statements and warning signs in the way marketers do.
Take this quote from Alan Greenspan, made in August this year:
“There may be numbers of banks and other financial institutions that, at the edge of defaulting, will end up being bailed out by governments.”
And this, in March, Yoshimi Watanabe, Japan’s financial services minister said this:
“It is essential [for the US] to understand that given Japan’s lesson, public fund injection is unavoidable.” Watanabe called on the US to “fix the hole in the bathtub.”
That same month, Greenspan said this:
“The current financial crisis in the US is likely to be judged as the most wrenching since the end of the second world war.”
And last September, NYU economics professor Nouriel Roubini made a dire warning of a ‘hard landing‘ of the US economy
Was the SEC walking around with noise-canceling headphones?