Anymore reason to think that the SEC is just a bunch of captured (Wall St Policemen). Sad to know that banks can steal, rape, and pillage this country and our watchdogs the SEC, Geithner, and Bernanke are just helping them along the way.
"We created a mess with more than 20 years of intentional pumping of risk assets and an ever-present lowering of the Federal Funds Rate on an average basis. We held that rate intentionally low through the provision of excess liquidity so as to cause credit growth beyond the growth rate of the economy. This is, as I have said before, a direct violation of The Fed's primary mandate, which is not to "manage interest rates" but rather to match long-term credit aggregates to growth so that growth potential is maximized without creating dangerous inflationary pressures.
CPI-U does not include actual home prices but rather "Owner's Equivalent Rent" which is cleverly constructed so that lower interest coverage costs result in a false deflationary contribution. This, along with other intentional distortions, allowed us to hide the hyperinflation in home prices that we intentionally caused."