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NewsWhore
09-28-2011, 08:10 AM
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Dudley Proving This Is Not Your Father&#39;s Federal Reserve Bank of New York (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG0un1nS6jOIfh_7B0kTYjF-woOrA&url=http://www.bloomberg.com/news/2011-09-28/dudley-proving-this-is-not-your-father-s-federal-reserve-bank-of-new-york.html)
Bloomberg
In October 1998, Dudley said that Brazil&#39;s currency, the real, was 15 percent overvalued and that there was a nearly even chance Brazil would be forced to devalue it. Three months later, the country gave up a 4 1/2- year defense of its currency, ...

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