Listen to the 11 minute Ratigan piece at the video below, and you’ll see that these docs (pdf available at this blog here) basically reveal, on the surface, nothing.
But what this shows to me is how “scared” the Fed currently is about what is going on. Guaranteed, they are shaking in their (possibly) wing-tipped shoes (and/or high heels, sneakers, loafers, whatever the “higher ups” at the Fed are wearing these days). And with David’s recent article, they are on call.
Enjoy the video below (or view at Dylan’s website).