“MSM is hailing FOMC meeting comments made in 2007 by Federal Reserve member Janet Yellen. At the time, she was president of the Federal Reserve Bank of San Francisco. Currently she is vice-chairman of the Fed. The just released transcripts of 2007 Fed Open Market Committee meetings show that, early on, Yellen warned other Fed members in FOMC meetings about the developing crisis in the housing market. This is all quite interesting, but what is more interesting is what Yellen was telling the public during the same period. Bottom line: This is an object lesson. Even if a government official sees a serious crisis developing, the official will not necessarily tell the public.”
http://www.economicpolicyjournal.com/2013/01/caught-in-act-bald-faced-lying-by.html
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