You don't have to convince me. I've said a thousand times that the FED was out of control and that Greenspan was nothing more than a political punk and Wall Street pimp. Greenspan created the original bubble for Rubin and Bubba, and all those thieves on Wall Street. After the robbery was complete and the bank vaults empty, he raised interest rates to pop that bubble. With the economy in recession, he is now trying to recreate the bubble again by flooding the system with money and easy credit. Wall Street, the bankers and the politicians will be saved while the average guy gets screwed again. It is not only criminal (IMO) but appears to be destined to make things worse. We are now bombing Iraq everyday and Bush has decided that we need a dose of imperialism to make things right or at least provide cover for an economy that is doomed. Put the sons of the ruling class elite on the front lines and see if Georgie is still beating the drums of war every day. It is very troubling.
Richard W.