Audit the fed - dead...or will the dead cat bounce bring it back

When the DOW falls 2,000 points the pressure on the Fed will start to heat up again...for now Bernake and cohorts have used the process of printing money to buy votes, power and legislation. It is not compliant with the foundations of this republic. The reality is that in any most legal jurisdictions it would be called criminal and be a punishable offense. However, finance is government and most of the officials in government work for finance driven causes since the payoff they get is apparently free money that makes them look good to their constituents. This money is provided at the behest of the Fed and large financial institutions regardless of the liabilities and imbalances it creates.

Structural blackmail is alive and well.

Did you know the FHA Numbers?

"The FHA's aggressive lending programs have continued throughout the housing downturn, causing its market share of the mortgage industry to grow from 2% in 2005 to 23% today"

Now that's ridiculous... not to mention clearly manipulated behavior on the part of likely the Fed, FHA and probably Barney Frank.

These guys are trying to fix prices...by creating one huge margin call. When will the insanity stop?

And I thought Barny Frank was hopeless - apparently not

note: from 8/27/09: Frank is apparently NOT talking HR1207, but an overall regulation. I think Frank still did not make it to my approved list. As one of the strongest backers of FannieMae and Freddie Mac...its clear that he has some conflicts to overcome before I can relate to him.