Most people in the mortgage business run around talking about "Fed rate cuts" and Federal Reserve Meetings and what the Fed is going to do about interest rates. Yet most people don't have a clue how the Federal Reserve works behind the scenes, or what its true goals are. Here is a link to an hour plus presentation given by G. Edward Griffin back in 1998. Mr. Griffin is the author of THE CREATURE FROM JEKYLL ISLAND - A Second Look at the Federal Reserve, a history and analysis of the Federal Reserve.

In this presentation, Mr. Griffin explains the inner workings of the Federal Reserve in layman's terms that anyone can understand. It's a long presentation, but extremely well worth the time it takes to listen to it. Once you have listened to it, you will understand today's mortgage/credit crisis as you never have before.

Here's the link to the presentation:

http://24hourmortgageinfo.com/federal-reserve/what-is-the-federal-reserve-anyway-and-why-should-i-care