Now the Fed joins! Ain't life grand??
...a book by Robert Hetzel, a senior economist at Federal Reserve Bank of Richmond, says it wasn’t Bushonomics or greedy bankers or broken markets that caused the Great Recession. In The Great Recession: Market Failure or Policy Failure, Hetzel pins the blame squarely on the Federal Reserve and Team Bernanke.
According to the book, the Fed kept its discount-rate and psychologically 'tightened' it through hawkish yammering; it should have been loosened, instead.
Never forget: Bernanke, who oversaw all this, is an "expert" on the Great Depression.