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To: XoFruitCake who wrote (109345)3/12/2008 2:57:21 PM
From: neolibRespond to of 306849
 
Err..., why didn't the Fed worry about creating the mess in the first place with low interest rates.

I myself have no problem with collective systems. I think monetary systems do need government. But in the USA when the government helps create Ponzi schemes, you don't find much clamoring to correct matters, until the scheme starts to fall apart. That is what I do have a problem with.

So fine, let the Fed's tax everyone and rescue the system now, then tax all the Wall Street firms and CEO pay after things correct and return the money to the other tax payers.