We must remember the FED is not part of the government and giving the FED more powers to save the ailing financial system is asking for trouble. I dont believe we should give the FED anymore power because we will be slave to them in the futures especially when all this money in the system needs to be mopped up with much higher interest rates.
Just another note here folks, the very very rich are loosing money here being long. Yesterday Kirk Kerkorian was cited saying he lived one year too long because he got killed last year. The problem is when you manage so much money it eventually gets too much to be nimble, think about driving a truck compared to driving a car.
Lets we nimble in our investment
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