[ovrtaxt]

the bailouts are being financed by savers, pensioners, wage earners, investors and the elderly on fixed incomes, who all suffer staggering increases in their costs of living, as the Fed uses inflation to rob Main Street to pay off Wall Street.

[snarks_when_bored]

Isn’t Peter Schiff the perma-bear who’s often on Kudlow’s show? He makes some good points, but a perma-anything is a dangerous animal for investors to follow.

[dennisw]

Peter Schiff .... I have his book and agree with his take on things but the mess was created by Greenspan. Ben Bernanke is doing the best he can to clean up. I would like to see Peter Schiff take Bernanke’s job and do any better. I doubt he would

It’s easy to rail against Bernanke but none of his critics would do any better. We have a very bad situation due to our love for making easy money via taking on debt and packaging and selling debt

[org.whodat]

Those blindsided by the recent financial meltdown are now loudly blaming the free market for its failure to police its own excesses, and are calling for greater regulation to prevent future disasters. But for those who clearly observed the problems developing (in high definition slow motion) the blame can be directed squarely at the policies of the Greenspan/Bernanke Federal Reserve. As has been the case countless times in history, the free market will now pay the price for government incompetence.

There is not much difference in that statement and a bank robber telling the cop it was his fault because he didn't stop him from stealing.

[tcostell]

I've worked as a quant and portfolio manager at Hedge funds and major investment banks for over 20 years, and here is my thought on the kind of new "regulation" we need to avoid problems like this in the future:

A Free Market Solution To Further Market Crises

[the invisib1e hand]

Does this now mean that no more major banks or brokerage firms will be allowed to fail? Since we routinely accused Japan of practicing "crony capitalism" what do you suppose we should call our version?

this is the unspoken implication.

On the other hand, there was a sort of chastisement in the Bear episode. Bear was "bailed out" with regard to its counterparty obligations. But the firm's equity nearly disappeared. It's not as if they got off scot-free and there were no untoward consequences. In reality, Bear was not bailed out. The market was. Bear is being picked clean.

If Jamie Dimon didn't get some kind of immunity from the ocean of shareholder suits that are probably ramping up, he may rue the day he did it.

[JSDude1]

Fed uses inflation to rob Main Street to pay off Wall Street-This is the reason why Wall-Street is generally hated (along with the Federal Govt in WaD.C.)because the bankers are only interested in the bankers. The FED is a Monster- and the leadership should be tried as TRAITORS to this nation!!

Sadly many times people think of solutions they just turn to more government/regulation rather than freedom and de-regulation: Know the problem-People don’t like to take Personal Responsibility anymore..

[PsyOp]

A. No mention of homebuyers who did not read the fine print or were so dumb as to believe their “variable” interest rates would not be jacked up at the first opportunity (and higher than they were probably led to believe). Anyone who did not see that coming was a fool.

B. The real solution is to make variable interest rate loans illegal. They’re nothing but a “bait & switch” scam.