A bit more weekend reading.
Federal Reserve Chairman Ben S. Bernanke minimized concerns that the central bank’s easy monetary policy has spawned economically-risky asset bubbles in comments at a meeting with dealers and investors this month, according to three people with knowledge of the discussions.
The meeting referred to is “the 15-member Treasury Advisory Borrowing Committee … made up of representatives of companies including JPMorgan Chase & Co., Goldman Sachs Group Inc., Pacific Investment Management Co., and Bank of America Corp”.
The meeting is private. This committee then advises the US Treasury on how to raise funds to finance government spending. There might be a good argument to be made that the discussions at the meeting could be made public?