Did FED Crash Economy In 2008?

they don't talk about it much...but the FED was slow to cut rates in 2007 as the crisis began unfolding  leading up to the GREAT RECESSION
And this was leading up to a presidential election.
It could be argued that there was a deliberate crashing of the economy , orchestrated by the FED...for political purposes...
but that it went horribly wrong....

THE CYCLE
They started tightening way back June 30 of 2004.
They did not cut until Sept. of 2007...at that time things had already begun to collapse.
As the crisis unfolded cuts were made rapidly...but it was too late. They could not stop the collapse.
So with hindsight...they should have begun cutting sooner.

always the question...on purpose....accidental...or just stupid?

The Political Class

So that government of the political class, by the political class and for the political class shall not perish from the earth.