[lbo-talk] Discontinuance of M3 - Hang On

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Fri Nov 18 12:10:52 PST 2005



> They shouldn't have let the home equity bubble get so
> out of hand ...

How exactly should the Fed have done that? By raising interest rates earlier? They are still very low, historically. And the tax treatment of home equity is still very favorable ... seems to me that this isn't something the Fed could have done something about ...



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