Incredible!

CNN Money - Federal Reserve officials were largely unaware of the financial crisis brewing in 2007, until they found themselves in the middle of it, transcripts released Friday show.

The lesson is that it is very important not to believe what they - the politicians - are telling us. They will always assure us things are doing well -- even when they know the ship is sinking.

George Dagnino, PhD Editor,
The Peter Dag Portfolio.
Since 1977
2009 Market Timer of the Year by Timer Digest
Portfolio manager

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