A Joke In My Feed Reader

I'm thinking somebody at Clear Indexes Ideas must be in a parallel universe.

Apparently, they can't tell the difference between reasoned policies and the gyrations of mad men.

No man can be one of the world's greatest experts on the depression and engage in the kind of intervention that Bernanke has done.

And Paulson? Give me a break. The guy was at Goldman Sachs while the scam was in full swing. There's no 'experience', only blind luck that the crisis didn't hit when he was there. This amounts to little more than theft via government- from those of us who are actually productive, to those who do tricks with money for a living.

It won't work. I'm sure they'll seize on any market stabilization and say, see, it would have went lower if we hadn't done anything, but the reality is they a responsible for the continuing uncertainty in the markets. We don't know what they will do, and we don't know the value of the questionable assets.

And what happens if a major country defaults? They pretend like the buck stops with the government and everything will be okay, but it is possible for a government to expose itself to too much bad risk- just like Fannie Mae and Freddie Mac, and go under as well. How is that supposed to make us feel any better?