The Federal Reserve of is attempting to wash its hands...

The Federal Reserve of is attempting to wash its hands of any wrong doing in The great turn-of-the-century housing boom. The above article is rather long and mostly boring, filled with mathematics that only geeks could understand but the conclusion is as one might expect. The Fed is admitting no wrong doing for the current housing boom, and therefore by implication will not want any part of the blame for a bust that is just beginning to unfold. In fact, they are now attempting to absolve themselves of any error during this whole sordid affair. Following is the conclusion of 'The great turn-of-the-century housing boom'.Conclusion