forbes.com popular May 16, 09 08:35 pm — The Federal Reserve's recent and unprecedented actions in the realm of monetary policy have provoked a backlash among the American people. Trillions of dollars worth of loans and guarantees have been provided to Wall Street f...
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May 17, 09 04:57 pm
Let's just see how the Feds are cookin'the books. Last week it turned out that they don't know where 9 Trillion dollars are .. let's say that again the feds can't track 9.7 Trillion dollars ...
Why the F are they in charge anyway ..... greedy SOB bankers.
May 18, 09 03:28 pm
Look, Wall Street funded the Obama campaign. Pay back is required. No further mention of this issue would be appreciated.
Give a man a fish and he will become a government dependent progressive voter. Teach a man to fish and he become a self sufficient and conservative Angel of Satan. Biden 3:24
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MacThulhu
Of course, countries without independent central bank go through far worse because it allows politicians to print money to fund whatever they want to fund. That doesn't mean, of course, that the bailouts are a good idea. If it were up to me I would have simply converted all ARMs to 30 year fixed at the original rates, let the companies take whatever loss that result (hey, they shouldn't have written them in the first place and no, they weren't forced to) and left them to sink or swim.