'Fedization': Bear's Rescue Presents a Major Moral Hazard [View article]
Good article, its amazing how the "answer" is right in front of us but never looked into. When I talked to coworkers about the housing bubble they back it up to the players but never past the banks to who gives them the money, the Fed. I am seeing a sea change, though, in the realization that Greenspan was a bubble blower and Bernanke will follow suit. I'm waiting to see how the Fed will attempt to deflect criticism while the dollar crashes... Gold is crying "BS!" to the central banks around the globe. Jim Rogers was right, Ben should dissolve the Fed and resign (in theory, in practice would be a little harder)
'Fedization': Bear's Rescue Presents a Major Moral Hazard [View article]