John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (8394)	11/8/2007 3:17:43 PM
From: estatemakr	Read Replies (2) of 33421

".....primary job of the Fed is to make sure that banks don't fail...." Wow, I've never heard that one before. Whatever happened to the concept of "control inflation" ?? I thought that was job numero uno?? What if the Fed just decides to not "save" the moronic individuals that have mortgages they could never afford and the moronic banks and lending institutions that gave them the money! Hard to see the dollar collapsing further here. Maybe the Fed stands pat and it's time to short oil and the Euro??

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