[ExI] Article From March on SubPrime

[Samantha Atkins]

On Sep 24, 2008, at 6:49 AM, Lee Corbin wrote:

> Fred writes about a March (!) 2008 article that very, very
> clearly explains three ways that the federal government (
> not it says, to be confused with the Fed reserve) contributed
> to the current fiasco:
>
>> Since there have been several posts about the current financial
>> situation I thought that some might be interested in an article which
>> covered many of these issues six months ago:
>>
>> http://www.investors.com/editorial/editorialcontent.asp?secid=1502&status=article&id=291507506135021
>
> Thanks, Fred. Some highlights from that URL:
>
>   To see how the government contributed to the subprime mess, we
>   must look at the feds, not the Fed. The feds helped create the
>   problem in three main ways.

Is it not the Fed that control interest rates and the money supply?  I  
confess I forget which agency, quasi-governmental private group (like  
the Fed), does what these days.  But interest rates and inflation of  
the money supply are critical enablers of major bubbles.

Not that it matters too much as government and the Fed are in cahoots  
running on ruining the US economically and selling all of us and our  
children into the equivalent of indentured servitude.

- samantha