The last comment is the most telling…..
*BLINDER SAYS FED UNLIKELY TO ADOPT `SHOCK AND AWE’ STRATEGY
*BLINDER SAYS $500 BILLION IN FED ASSET PURCHASES `TOO SMALL’
*FORMER FED VICE CHAIRMAN BLINDER SPEAKS ON BLOOMBERG TELEVISION
*BLINDER SAYS FED POLICY MAKERS `MAKING IT UP AS THEY GO ALONG’