Stock market/banking sector insanity

[Tiny]

I bet it is. If our "government" keeps "helping us" by pulling shenanigans (most recently the curbing of short selling and the new $700 billion +++ dollar bailout) there will be little confidence left in "our free market” : confused: . Actually that’s already shot.

The market will find its own level; but with all this government intervention, it will take much longer to find. This is the same intervention Japan participated in 15-20 years ago...we condoned them for propping up their institutions, then followed by doing the same. They still have not recovered.

We will answer for these bailouts, we the common people will pay, it’s our tab they are putting this on. Inflation is a tax, the worst kind. Often these decisions are made between the Treasure and the FED (which by the way has nothing to do with the federal government, it's a CORPORATION all its own, a third party our country pays billions of interest to) without the consent of our elected officials in the House or Senate. Lots of these guys at the top know each other, and they are just handing out our money to each other.

Obviously I'm against the bailouts altogether, but IF they HAD TO hand out A COUPLE TRILLION DOLLARS this year, I think it would have helped "us" out more if they would have put that towards housing and unemployment?

There are a lot of really painful hard decisions and times ahead, we need to support elected people who are willing to make those decisions, not the ones that have been telling us what we want to hear for as long as we can remember and still overspending.

I feel that at the end of the day, my family, friends, and parents would have preserved more purchasing power if we had not bailed out anyone. The pain and chaos would have been fierce, no doubt, but it would work itself out in a lot shorter time and preserved a lot more lower and middle class purchasing power. This bailout will have severe consequences that last a long, long time and will decimate the middle class IMHO; there will be the ultra wealthy and the poor.

I wish our reps in the House and Senate were IRATE, they should be, as lot of us are/or will be when we find out the full effect of what has happened.

Sorry to rant.
Matt