Anna Schwartz: Fed to Blame for Subprime Crisis

Monday, Jan. 14, 2008 5:14 p.m. EST

Noted economist and author Anna Schwartz blames the Federal Reserve for the credit bubble and subprime mortgage crisis the U.S. finds itself in.
She’s even gone as far as to say, "The new group at the Fed is not equal to the problem that faces it.â€