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Fed bashing gone wild



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reedr3v's picture

LOL, trough-feeding Samuelson.

The comment section under the article is hot. Jump in!

The majority of loans have

The majority of loans have not been paid back. There is still 1.3 trillion oustanding; the author is wrong in that point.

He is right that the huge numbers that so many OWS and RP people throw around, like 8 trillion or 23 trillion are fabricated.

But the main gripe with the actions of the Fed is spot-on. Why did they bail out companies whose executives should have been arrested?

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a