Financial Criminals Will Pay. Just Ask Senator Shelby – BusinessWeek
This answer by Senator Richard Shelby in an interview with Maria Bartiromo last week scares the heck out of me.
Efforts to restore liquidity to the credit market by bailing out banks haven’t worked. Where does that leave us?
It hasn’t worked at all. And I’m not sure that the Fed, led by Chairman Bernanke, knows where it’s going. I believe they’re in uncharted waters. The chairman has basically said that before. They’re printing money. The Fed is supposed to be the lender of last resort. It looks like in some instances it’s the first resort. I don’t know how much more capital they can expend without some serious questions around the world being asked about the health of the Fed and our monetary system. BusinessWeek.
This is why I am so worried about our children. The rapid and panicked infusion of money into the economy can not do anyone any good. Yet, our government, between Washington and the Federal Reserve, is looking to print trillions of dollars to prop up banks that have completely messed up.
They are mortgaging our children’s future to fix their messes. And that depresses me.
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
Comment by kev501 on 10 February 2009:
Hi Kevin,
On this Thursday at 8pm ET, CNBC premieres “House of Cards,” the definitive look at the origins of the economic crisis. CNBC’s David Faber investigates with inside accounts from key players, tracing the calamity from Main Street to Wall Street to Washington. Faber even reveals how one savvy investor even profited – by 600% – as the house of cards fell. Watch preview and see web extras at http://houseofcards.cnbc.com.
This is the definitive record of today’s unprecedented economic crisis. Please let me know if you would like any additional information, including web extras.
Best,
Kevin
Comment by Atlanta Homes on 13 February 2009:
Yes, this is all blind attempt to fix the economy. We are indeed in unchartered waters and Bernanke and company have no clue it this is going to work, let alone help the situation. When are the leaders of this great country just going to admit that there is not an answer for everything and we just need accept it for what it reall is right now.