From the Motley Fool


Pointing out not only who caused it but who is making it worse
Is the "fix" better than the disease? Bernanke's Fed has lowered interest rates to record lows to rejuvenate the same terrible behavior that got us into trouble in the first place. To juice the economy, the Fed's encouraging banks to make new loans, even when there are still plenty of bad loans out there. Overly indebted consumers and businesses have not yet deleveraged, plain and simple.

Meanwhile, the massive bank bailouts have partly made their way into bankers' pockets, thanks to a continued abundance of lucrative pay and bonus packages. We were all told that bailing out the banks was a necessary evil to ensure economic survival. Apparently, some of us are "surviving" better than others.

With economic friends like The Fed, who needs enemies? (Unless, of course, you're a bank executive.)
Alyce Lomax, The Daily Walk of Shame: The Fed

Should you be worried? Yes. Not all the home loan problems have surfaced yet, commercial mortgages are lined up behind that, with pension shortfalls to follow. As the dollar continues to fall, all these problems will much much worse.

There's a real possibility that there may not be a dollar in a year or so.

— NeoWayland

Posted: Wed - November 4, 2009 at 11:47 AM  Tag


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