The Federal Reserve is Terrified, and Roadrunner Paved to Hell

An excellent blog by famous financial writer Michael "Mish" Shedlock, on the Federal Reserves recent failed attempts to provide liquidity to the credit markets and help alleviate the mess created by the U.S. financial industry "run amock". THIS is exactly what causes federal regulations in the first place, greedy capitalists will never learn, that you can't just "live for today's profits" and ignore tomorrow's needs in the process.

The Fed is Terrified


Read this one also by Elaine Sepkis, her "EZ Reading Money Matters" blog, comparing the Fed to Wiley Coyote:

The Roadrunner Paved to Hell