[quote]For those that are brave enough to remove their tinfoil hats for a moment, here’s a short article explaining why the Fed did the right thing:
Bloomberg Report Exposes the Federal Reserve Doing Its Job http://www.theatlantic.com/business/arch…%5B/quote%5D
Actually, this article is very misleading. The Fed’s job was to be the lender of last resort for the banks (who they were in charge of regulating). Many of the corporations that got bailed out were NOT banks. AIG, Morgan Stanley, etc, lost money on unregulated gambling but got bailed out by the Fed none the less.
