Lynne Pope

Todays financial headline on FED gets it….

 Toss away the LA times and read the real information here….plus the political

 http://www.inman.com/buyers-sellers/columnists/loubarnes/fed-gets-it-credit-crisis-trumps-inflation

They do. Worth your time: http://www.federalreserve.gov/, the minutes of the Aug. 5 meeting. Unusually short, clear and grim, two things stand out: They get the risk of credit-default spiral (shrinking credit, more defaults, less credit …), and that risk is greater than inflation. The FDIC sure as hell gets it, staring at a bank/collateral spiral.