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What can be worse than changing accounting rules…the Fed, welcome economic crisis

Aside from the SEC changing accounting rules for banks, the (developing/continuing) economic crisis can be greatly attributed to the FED. Can this not be agreed upon? And while my mind has not been made as to weather there is an actual need for a FED, why can we, the American people, not see, hear or know, how and where the money, we’ve put up has been allocated and/or spent? The president is well aware of the situation. He also helped push the auto bailout. Yet, billions of dollars later, Pontiac still failed as it would’ve had NOTHING BEEN DONE. Congratulations, you still have rising unemployment, just not 6 months ago.