i had concerns 12 months ago about the actions the fed might take to provide some stimulus to a sliding economy.
Foreclosures are happening for a reason. People over borrowed. Why do we need to bail out these people and the banks for that matter who knew exactly what they were getting into.
Also all the bundled mortgage securities which carried there own risk which again investors knew about are all of the sudden crying for help.
Let the baby cry. The us has a habit of thinking something is wrong with the baby and immediately administer a heavy doses of medicine.
Let the baby cry and let the economy play out. Some will endure pain but i think thats the best way to recover.
