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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Stefan who wrote (241460)	3/18/2010 4:14:12 PM
From: GST	Read Replies (1) \| Respond to of 306849

The Fed is corrupt. I agree. And corruption is bad for the economy -- I agree. The Fed should be cleaned up -- I agree. But in the really high stakes game that is being played out today when it comes to financing the current account deficit, the Fed has no magic solution -- it is as trapped as are you and I. Focusing on the Fed allows us at most to have a focal point for our anger -- but it is an anger that distracts us from having the conversations we need to have. The ship is sinking -- tying the Fed to the bow of the ship and flogging it with whips and chains will not stop the ship from sinking -- evil as we might agree that it has become.