Thursday, September 18, 2008

Have we lost all sense of relativity?

From Bloomberg:

The Federal Reserve almost quadrupled the amount of dollars central banks can auction around the world to $247 billion in a coordinated bid to ease the worst crisis facing financial markets since the 1920s.

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Shouldn't that read worst crisis facing financial markets since August 2007?

Or does that reflect too badly on Bush, Paulson, Bernanke/Greenspan, Chris Cox, Congress, et al?

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