Thank you, Mike:

Everyone deserves his opinion.  We live in a perceived world in which we believe in something.  But remember a victim believes Madoff's scam and thinks he is honest until the lies realized as a light through a heavy fog.

I am not saying we shall be suspicious about anyone or anything.  However, armed with reason and realistically checked on true facts, we are able to say a human being is "king" of animals.

Thank you, Terry:

Here is a report, Where the $200,000+ Crowd Lives, I think you'd like to see some "projected" realities (since it is a projection, it may be true or false).  In it, there are 15 states will be hit hard by Obama's tax hike plan.  However, it is interesting enough to know that almost all of them voted for Obama, except Texas. 

When we have difficulty to deal with, the first thing is to find a scapegoat to point at.  I used to do that too.   But, now I am getting older, I change my approach.  Find a solution to rescue is my first. 

My approach may be different from those people trying to legally prosecute those big fat cats.  I am not go for so-called "poetic justice."  Instead, I am trying to figure out practical ways to help our national economy in general and those poor folks in particular.  My orientation is NOT focused on punishing the greedy or foolish ones, but let the nature take the course to render the final judgment on them and use the market forces to our advantage.

Greenspan may did something wrong from what we know NOW.  But, only God knows what will come as a result since no policy is perfect without a built-in possible shortcomings.   It is up to those people in power to have a good judgment.   We are just a human being and everybody makes a honest mistake out of his "limited" understandings and judgment.  To me, Alan didn't do a legally wrong-doings.  It is just his judgment is recently known "wrong" with terrible bad effects.  

However, I still don't want to point my fingers at Alan.   I don't even like to blame GWB's gang boys.  But I do believe that those powerful bureaucrats or politicians shall be directly and mainly held responsible for the current mess after their taking over the FED power from Alan.  There may not be the chaos or downturn, at least not so worse, if Alan still in power.  

What I say is they have taken wrong ways in response to the situation.  My thoughts have been long expressed here in AR that Bernanke, Paulson and Gaithner are doing the same thing in essence: to disturb the nature force of market, to constantly adopt game rule changes far enough to a very volatile (or unprecedented unstable) point that no private investor knows what the basic rules are and how to act or participate in it, and to further mess things up to unavoidable worldwide depression. 

Herewith I enclose a recent article of Mr. Sachs to confirm my observation: The Economic Need for Stable Policies, Not a Stimulus [Extended version]