/ Dateline id => AP / February 21, 2014 In 2008, when they were faced with ... "/> Behind the scenes at the Fed in a year of crisis - Boston.com | Afrikaans
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In 2008, when they were faced with imploding financial markets and a staggering economy, Federal Reserve policy makers sometimes alleviate their mood with references to Monty Python, "Desperate Housewives," "Star Wars" villains and plastic surgeons in San Francisco's East Bay.
They also sometimes painted different cooking course pictures of the financial cooking course crisis, cooking course with Janet Yellen, now the Fed chairman, among those the depth of the crisis most accurately grasp the hand.
The Fed on Friday released copies cooking course of its 14 policy meetings during 2008, six of them emergency conference calls. It was a frantic year in which officers rescued investment bank Bear Stearns, bailed out insurer American International Group and mortgage giants Fannie Mae and Freddie Mac, let the venerable investment bank Lehman Brothers to fail in the biggest bankruptcy in U.S. history.
Frederic Mishkin, a Fed governor, noted in an April meeting that consumers are not always honest about themselves. "If you ask people what TV shows they watch, they will tell you that they see something classy and PBS, but you know they are watching 'Desperate Housewives,'" he said. "What's wrong with Desperate Housewives?" Refuted Chairman Ben Bernanke.
For his part, Mishkin dropped a Monty Python reference to the board's meeting Jan. 29 to 30: "I think we all try to be happy here," he said. "It reminds me a little of one of my favorite scenes in a movie, that Monty Python's" cooking course Life of Brian. "I remember the scene with them there all on the cross, and they started singing," Look at the bright side of life. "
Not to be outdone, Richard Fisher, head of the Dallas Federal Reserve Bank, three months a movie metaphor for the problems of the calm investors in the grip of panic described: "Crafting policy cooking course issues, as is the food of Jabba the Hutt -. doing is futile, cooking course if not dangerous, because it just will insist on more "
Vintage economic conditions in California, Janet Yellen, former head of the San Francisco Fed and now Fed chairman, the lag with this quip: "My contacts report that cutbacks in spending is widespread, especially cooking course for discretionary items. For example, East Bay plastic surgeons and dentists that patients postpone elective procedures. Reservations are not required cooking course in many high-end restaurants. And the Silicon Valley Country Club, with a $ 250,000 entry fee, and seven-to-eight-year waiting list, has seen the number of aspiring new members shrink to a mere 13. " cooking course
Mishkin stab fun at his poor timing in buying a house in the middle of a real estate collapse: "I took my wife to please," he said. "... I thought about pulling out, but then decided that my marriage was more important."
Bernanke provided insight into his private thoughts on the economy. At a meeting April, he revealed: "I play Jekyll and Hyde quite a bit and argue with myself in the shower and other places"
during an emergency cooking course conference call March 10, Vice Chairman Donald Kohn noted that banks in developing countries, long dependent on credit from the rich countries were reluctant to lend to the United cooking course States and Europe. "I think I will pause for irony to sink in for a second."
On January 28 to 29 meeting, Yellen warned that the economy hard times in the face as a result of the bursting of the housing bubble and the shock waves through the banking corridors. "The severe and prolonged cooking course housing downturn and financial shock has put the economy, if not more, on the edge of a recession," Yellen said.
She said she had her economic prospects "significantly downgraded" since the Fed's last meeting of the m
Recent Posts Adam Levine cooking course Makes His Movie Debut in Start-Again Watch the Trailer! Compromise reached on Tesla's direct sales in NYS - Newsday Kentucky erases early deficit, surges fits Louisville Dayton has a tall order in Florida - Philly.com American cooking course Horror Story TV casts Icon to Play Evan Peters' Dad-Find Out Who!
Archives March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012
In 2008, when they were faced with imploding financial markets and a staggering economy, Federal Reserve policy makers sometimes alleviate their mood with references to Monty Python, "Desperate Housewives," "Star Wars" villains and plastic surgeons in San Francisco's East Bay.
They also sometimes painted different cooking course pictures of the financial cooking course crisis, cooking course with Janet Yellen, now the Fed chairman, among those the depth of the crisis most accurately grasp the hand.
The Fed on Friday released copies cooking course of its 14 policy meetings during 2008, six of them emergency conference calls. It was a frantic year in which officers rescued investment bank Bear Stearns, bailed out insurer American International Group and mortgage giants Fannie Mae and Freddie Mac, let the venerable investment bank Lehman Brothers to fail in the biggest bankruptcy in U.S. history.
Frederic Mishkin, a Fed governor, noted in an April meeting that consumers are not always honest about themselves. "If you ask people what TV shows they watch, they will tell you that they see something classy and PBS, but you know they are watching 'Desperate Housewives,'" he said. "What's wrong with Desperate Housewives?" Refuted Chairman Ben Bernanke.
For his part, Mishkin dropped a Monty Python reference to the board's meeting Jan. 29 to 30: "I think we all try to be happy here," he said. "It reminds me a little of one of my favorite scenes in a movie, that Monty Python's" cooking course Life of Brian. "I remember the scene with them there all on the cross, and they started singing," Look at the bright side of life. "
Not to be outdone, Richard Fisher, head of the Dallas Federal Reserve Bank, three months a movie metaphor for the problems of the calm investors in the grip of panic described: "Crafting policy cooking course issues, as is the food of Jabba the Hutt -. doing is futile, cooking course if not dangerous, because it just will insist on more "
Vintage economic conditions in California, Janet Yellen, former head of the San Francisco Fed and now Fed chairman, the lag with this quip: "My contacts report that cutbacks in spending is widespread, especially cooking course for discretionary items. For example, East Bay plastic surgeons and dentists that patients postpone elective procedures. Reservations are not required cooking course in many high-end restaurants. And the Silicon Valley Country Club, with a $ 250,000 entry fee, and seven-to-eight-year waiting list, has seen the number of aspiring new members shrink to a mere 13. " cooking course
Mishkin stab fun at his poor timing in buying a house in the middle of a real estate collapse: "I took my wife to please," he said. "... I thought about pulling out, but then decided that my marriage was more important."
Bernanke provided insight into his private thoughts on the economy. At a meeting April, he revealed: "I play Jekyll and Hyde quite a bit and argue with myself in the shower and other places"
during an emergency cooking course conference call March 10, Vice Chairman Donald Kohn noted that banks in developing countries, long dependent on credit from the rich countries were reluctant to lend to the United cooking course States and Europe. "I think I will pause for irony to sink in for a second."
On January 28 to 29 meeting, Yellen warned that the economy hard times in the face as a result of the bursting of the housing bubble and the shock waves through the banking corridors. "The severe and prolonged cooking course housing downturn and financial shock has put the economy, if not more, on the edge of a recession," Yellen said.
She said she had her economic prospects "significantly downgraded" since the Fed's last meeting of the m
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