Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Federal Reserve governor was paid to write "glowing report" on Iceland before collapse
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Tuesday, August 24, 2010
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From Mish's Global Economic Trend Analysis:

Former Fed Governor Frederic Mishkin was paid $124,000 in 2006 to write a glowing report on Iceland. He never bothered to disclosed that fact.

Moreover, the title of his report has since been change from "Financial Stability in Iceland" to "Financial Instability in Iceland". What's up with that?

Watch Mishkin squirm in this interview.

Read full article (with video)…

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Topics: Fraud | Government Stupidity | Boondoggle
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