j4thelonghaul

Fed too Little, too Late?

Gosh Larry you sound like a Democrat! Bernanke is doing a great job of handling this mess. He is dealing with the liquidity issue first since none of the other "investment banks" are stepping up and handling the problem of raising capital for a mess that they created. Let's remember, it has never been the Fed's job to bail out investment banks!

While this site is dominated by traders who focus on market theme for short time profit, none of you are focusing on the new theme. The new theme is clearly that the government has the power to tax, regulate and force action or face the consequences. The last thing that the Fed and Congress need to do is start making bids on CDOs and other exotic mortgage securities in the marketplace. That will force the hands of some of these greedy investment houses that want a taxpayer bailout to fund their lavish lifestyles!