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<p>[QUOTE=&quot;Cloudsweeper99, post: 1135096, member: 3011&quot;]There is a lot wrong with the Fed&#039;s actions, but everyone has to consider the alternatives.&nbsp; Anybody who got a mortgage in the past 3 years can thank the Fed for it.&nbsp; Anybody who keeps money in a money market fund can thank the Fed that they prevented all of them from imploding when the short term market froze in 2008.&nbsp; A couple of large insurance companies were on the brink of insolvency, and all of the policyholders and annuity owners [many of them pension plans] can thank the Fed for their assistance.&nbsp; Everyone who leases their car can thank the Fed, for the lease market would have ended in 2008 without intervention.&nbsp; And on it goes.&nbsp; You see, it wasn&#039;t the bailout that was mishandled by the Fed.&nbsp; It was the decade leading up to it where Fed policies created the conditions that required a bailout for the economy to function.&nbsp; Right now they are trying to save the Treasury market with QE2.&nbsp; And as bad as QE2 might be, consider the consequences of a Treasury default and failed auctions.&nbsp; The people at the Fed aren&#039;t stupid and they aren&#039;t crooks.&nbsp; They were dealt a bad hand by the folks who were there before them.&nbsp; I&#039;m not sure what else they could do now that the crisis is here.[/QUOTE]</p><p><br /></p>

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