Is it me or are these moves by the FED accomplishing the following:
– Throwing good money at bad
– Forcing liquidity into a tapped out market
– Further enabling people to spend money they don’t have
– Increasing inflation
– Artificially propping up home prices
– Continued devaluation of the dollar
– Allowing banks to continue to buy/sell bad mortgages
– Trying to prevent toxic MBS from becoming completely worthless
– Spending tomorrow’s money on today’s problems
