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Fed Lied, Banks Died: How the Federal Reserve Bank Misled Bondholders and Caused Unrealized Losses

šŸ§µ The TL;DR

The Federal Reserve Bank (the ā€œFedā€) promised to keep rates low, but then drastically increased them, causing billions of dollars in misdirected investment and bank insolvencies. Despite the Fed arguing that they are not responsible for the outcome, they must take responsibility for understanding the impact of their decisions.

    šŸ”‘ Key Points

  • The Fed promised to keep rates low, but then drastically increased them.
  • This resulted in billions of dollars being misdirected and bank insolvencies.
  • Despite the Fed arguing that they are not responsible, they must take responsibility for understanding the impact of their decisions.

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