Its all a confidence game, which is why CNBC exists in the first place. They need to pipe a voice right into our living rooms, “Don’t worry, everything is OK.” Fuck, they should fire Cramer and put Alfred E. Neuman in his place. Bernake should be dressed in a red robe chanting at the moon. He mine as well be making forecasts from pig entrails, he’d have about the same accuracy.
The FDIC is borrowing money from banks now, Fannie Mae keeps home prices high.
