Does it seem to anyone else that the Fed is just cluelessly fiddly-fartin' around?

[crispini]

We're going to do this -- No -- let's do this other thing! Let's bail out AIG! And then bail them out some more! We're going to buy paper! No, we're not, we're going to buy stocks!

Honestly, if these guys can't get their shit together, what the hell is going to happen to us? They need to go off into a back room and have a good hard think about what's really going to work and then do that. Maybe the Obama adminstration will do that. It just seems like the Fed is flailing around like a scared five-year-old swimmer in the deep end whose water wings just ain't doing the job. :scared:

[Porschenut1066]

1. No they seem to be systematically stealing all the money in the treasury!

[RUMMYisFROSTED]

2. They know exactly what they are doing.

Shovelin' cash.

The largest fraud ever perpetrated.

[crispini]

5. Methinks you might be right.

What a mess.

[babylonsister]

3. Yes, it totally seems that way to me.

From David Corn:

Bailout or Bunco?

It seems like bunco to me...


http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x401236

[librechik]

4. my impression too--plus they have enormous conflict of interest problems

former CEOs bailing out their former companies and the ind=sider trading that implies

[Donnachaidh]

6. they act that way in public

But there are something like 50 banks and others that supposedly received money. And we don't know WHO.

Don't buy the dumbshit act. It's an ACT.

[tbyg52]

7. Yeah, that's what it *looks* like

Their little hands need to be taken off what's left of the money, *now*.

[pacalo]

8. Yes. Most definitely. And one more thing...

that "fiddly-fartin'" term is one I'd never heard before; on that alone, I wish I could give you an extra recommend in addition to the one I'm giving you for beginning a thought-provoking discussion.

They need to go off into a back room and have a good hard think about what's really going to work and then do that. Maybe the Obama adminstration will do that.

I wish there were wide, strict limitations on what changes a lame president, particularly a pResident, could make during the time that a new president is elected & he is inaugurated. The fact that this bailout came up suspiciously before the election is what we don't trust.

I don't know if it's a good thing or bad thing that Clinton's former economic advisors are being considered for Obama's administration, but, as the NYT stated,

At the same time, given the record of prosperity and budget surpluses in the Clinton era, tapping his economic team might be justified, some Obama advisers said. Other former Clinton White House aides whose names are being circulated for top economic posts in the Obama administration include Laura D’Andrea Tyson, Gene Sperling and Lael Brainard.

http://www.nytimes.com/2008/11/06/us/politics/06obama.html?ref=washington

Whatever the boy king does in terms of the bailout, let's hope that Obama's team will sieve through all of it with a fine-tooth comb.

[Possumpoint]

9. It is Time To

Identify your political persuasion and state your opposition to any further use of the "Bail Out". We are getting screwed.

[OwnedByFerrets]

10. The Last Great Theft of the Administration