Don't be fooled by the FED

Sorry.. this is kinda long... started to comment on your post, then it turned into a rant... :) 

 I agree with you regarding too much regulation is a bad thing.  However, in light of recent "ethical" issues regarding large corporations, investment firms, and hedgefunds, the American public is still in the dark abou what really goes on behind closed doors.  True our capitalist society drives our economy to new heights, however what we are seeing is the fleecing of middle America.  The old addage of the rich get richer and the poor get poorer is proving to be true.  With inflation rising, disposable income lessening, the value of the dollar weakening, and "creative" credit strategies around every corner, middle America is due for a wake up call this year... really realizing that they are 30 days away from bankruptcy.

The Fed is being pushed by Congressional oversight comittees to fix the problem now. Not realizing the total complexities ... or rather how deep the hole has been dug... of the financial markets.  Bankers and investment houses have, for years, made money on someone elses money. Charged fees and interest, etc.  Those fees and interest rates have become so frequent and common, and their mathematical algorithms so foreign to the layman, that the public has no idea what they are paying nor why. And you know what? Thats exactly what the bankers and "creative" financiers are counting on.  "Confuse them with jargon and we'll laugh all the way to the bank," they say.. They make their monies, squeeze every bit of juice out of the public then when the market crashes, it crashes hard. ONly the companies get to file for Chapter 11 protection.  The CEO's, boards, etc. are rarely held accountable... meanwhile they get millions in bonuses..

If anything, i think there need to be a moral and ethical overhaul to abate this fleecing. I dont have an answer for it yet.   I dont think there is one single solution... but it start with all of us involved being professional.  Acting for the good of society and for the benefit of others.  Taking a stand and making a difference in your piece of the marketplace.  Its not just good karma, its the right thing to do.  

Sorry.. this is kinda long... started to comment on your post, then it turned into a rant... :) 

 I agree with you regarding too much regulation is a bad thing.  However, in light of recent "ethical" issues regarding large corporations, investment firms, and hedgefunds, the American public is still in the dark abou what really goes on behind closed doors.  True our capitalist society drives our economy to new heights, however what we are seeing is the fleecing of middle America.  The old addage of the rich get richer and the poor get poorer is proving to be true.  With inflation rising, disposable income lessening, the value of the dollar weakening, and "creative" credit strategies around every corner, middle America is due for a wake up call this year... really realizing that they are 30 days away from bankruptcy.

The Fed is being pushed by Congressional oversight comittees to fix the problem now. Not realizing the total complexities ... or rather how deep the hole has been dug... of the financial markets.  Bankers and investment houses have, for years, made money on someone elses money. Charged fees and interest, etc.  Those fees and interest rates have become so frequent and common, and their mathematical algorithms so foreign to the layman, that the public has no idea what they are paying nor why. And you know what? Thats exactly what the bankers and "creative" financiers are counting on.  "Confuse them with jargon and we'll laugh all the way to the bank," they say.. They make their monies, squeeze every bit of juice out of the public then when the market crashes, it crashes hard. ONly the companies get to file for Chapter 11 protection.  The CEO's, boards, etc. are rarely held accountable... meanwhile they get millions in bonuses..

If anything, i think there need to be a moral and ethical overhaul to abate this fleecing. I dont have an answer for it yet.   I dont think there is one single solution... but it start with all of us involved being professional.  Acting for the good of society and for the benefit of others.  Taking a stand and making a difference in your piece of the marketplace.  Its not just good karma, its the right thing to do.