The Fed’s Wild and Woolly Year

We now have the full transcripts of the Fed’s meetings from the year 2008 – the wildest era the institution has ever had to navigate through in modern times. As the world broke apart and began to melt down, there were some astonishing conversations being held by the nation’s monetary officials and economists are now combing through them in perhaps the greatest econo-archeological dig of all time.

Bloomberg Brief is out with a piece that reconstructs the timeline and pulls out some of the juicier comments and jokes being made by the committee to save the world at the time. I grabbed this great illustration of the sequence of events:

Source:

Dissecting the Financial Crisis (Bloomberg Brief)