> But it was also irresponsible for the Fed to raise rates so quickly that it put massive banks in danger of insolvency. It was also irresponsible of them to h

> But it was also irresponsible for the Fed to raise rates so quickly that it put massive banks in danger of insolvency. It was also irresponsible of them to have the rates near zero in the first place. It's one huge whiplash, and the low before the high is all part of it.