Well put, Dr.Chaos. Kind of like trying to “close the barn door once the horse is out” The only word the comes to mind is “IRRESPONSIBILITY” We have a mess, that is going to hurt alot of people and the ones responsible have been laughing all the way to the bank. The question is “what happens when they are finally caught?” This reminds me of Katrina and the GOVT response. They new sooner or later New Orleans would be hit, but just “hoped” it would miss. I’m afraid the mortgage mess is much larger than they want people to believe, “hoping” it will go away.
Bernanke is like a “deer in the headlights right now” “Hoping the economic mess goes away”. I don’t think so.
