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Transcripts show Fed underestimated crisis in 2007
USA TODAY WASHINGTON (AP) — The Federal Reserve on Friday released transcripts of its eight regular meetings and three emergency telephone conference calls in 2007. The meetings occurred as the country was on the brink of the worst financial crisis since the … Fed's 2007 Transcripts Show Shift to Alarm Fed Slow to Grasp Scope of Subprime Collapse: Records Fed minutes show slow subprime reaction |