[Question_Assumptions]

This is how I also see things turning out. Why? because it's like all government action...it will punish the people who worked hard and saved their entire lives while giving a pass to the idiots who run $50,000 on their credit cards.

Given the debt statistics (and counting mortgages as "debt"), I suspect there are more debtors than savers and whatever the government does is going to cause the least pain to the majority. I don't think the savers can win, actually. The problem is that wiping out someones savings is not going to wreck them the same way that driving someone into bankruptcy will. Fair? Probably not. But that's the way it has been for thousands of years (people have been unable to manage debt for as long as there have been loans).

[headsonpikes]

You're on the money, unfortunately.

[arete]

I suspect there are more debtors than savers and whatever the government does is going to cause the least pain to the majority. I don't think the savers can win, actually

You make it sound as if the FED as been some kind of passive player in the creation of debt to this point. The FED has actively encouraged the expansion of debt at the expense of savers. That is outrageous. What gives the FED the right or mandate to encourage wild speculation in any market and why must wiser and more prudent people be forced to pay the price for the lunacy?

Richard W.