>>>>Interesting perspective.
>>>>
>>>>http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0
>>>
>>>I read only as far as the headline. I don't see any purpose in "Who shot John?" political finger pointing, at least not until we have things back under control.
>>
>>I don't see the point in "let's not play the blame game" other than letting the foxes walk away in search of new hens. Or staying where they are, until new hens are printed.
>
>So you see a constructive purpose in articles about the financial crisis that focus on whether it was the Republicans' or Democrats' fault?

Neither, both bought and squarely paid. Coke/Pepsi=1.0000, I don't see much difference.

>To me the time for that is later.

The time for such articles is pretty much never, as they are just fogging the issue. It doesn't matter which set of politicians was paid twice (once to their job, then once more to not do it).

> Right now we have some problems to fix. I don't know whether Sec. Paulson's fix is the right one but it's a lot more important to try to get us back on track than to point fingers over how we got here.
>
>I'm not even sure who you mean by the foxes. Who do you see being benefited by the current market?

Well the banks. Where does the 700B come from? It's borrowed. With interest. Do the private banks have that much money? Of course, as they can invent it on a whim: they are the Fed.

http://en.wikipedia.org/wiki/Federal_reserve

It's not just the http://en.wikipedia.org/wiki/Too_Big_to_Fail_policy, it's that I am in no way sure whether the government is taking a loan from Fed banks to bail out some banks which are already part of the Fed. Imagine if I borrowed money to a gambler, then went to the government to bail me out, government doesn't have the money so it borrows the money (that I'll just print tonight) from me, and gives it to me so I can borrow it to others... now I got three sides indebted to me: the gambler, the gov't and these others. Nice, eh?

I still understand how the decision from 1913 wasn't repealed as soon as it was clear what was done. Maybe it was too late already? They owned everyone involved, I guess.