What do you do when the one of the most-respected Central Bankers (and no, it's not Greenie) pisses all over your parade?
From Reuters: Volcker chides Fed for "bubbles".
Former Federal Reserve Chairman Paul Volcker thinks the U.S. central bank is to blame for allowing bubbles to inflate asset markets, and says that current Fed chief Ben Bernanke is in a tough spot.
"Too many bubbles have been going on for too long ... The Fed is not really in control of the situation," the Times quoted Volcker as saying, in clear criticism of both Bernanke and his predecessor Alan Greenspan.
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