Felix Salmon appears to be upset that the members of the FOMC laughed more in meetings after February 2006 than they did before:
It turns out that if you’re on the FOMC, then being in a credit bubble is really funny!
I don’t interpret it that way. I think that it documents that Ben Bernanke is a funny guy or at least his presence in meetings produces a lighter atmosphere than prevailed under Alan Greenspan.
I’d feel like laughing too if, after three hundred years, Greenspan was no longer in the room with me. The man has the personality of the grim reaper.