Disillusioned Rants

Well, the Federal Reserve is doing something its never done before. It’s using taxpayer money to bailout a fiscally irresponsible bank, Bear Sterns. The Fed has declared at the top of its corrupt voice that The People can go to hell, because the wealth of the wealthy must be preserved at all costs.

$236 billion to save a bank who aggressively “enriched” itself with subprime garbage and a bank whose stock has dropped 98% in price from it’s recent high. As it should, any company that makes such poor decisions should suffer the consequences. Instead, Bear Sterns will get a pat on the back and bailed out of it’s troubles. All so their top executives can continue to earn exorbitant sums of money.

The class war has been declared. Not by the masses, by the wealthy themselves. These corrupt individuals are robbing the taxpayers of billions…now trillions of dollars. Add the inflation losses of the bottom 90% and we are looking at several trillions of dollars. All to save the extravagant wealth of those responsible for this credit crisis.

The market needs to be left alone to decide who should pay the consequences for our economic debacle. Instead, the Fed openly declared war on us by forcing taxpayers to foot the bill for Trillions of dollars(or $1,000,000,000,000+) worth of bad decisions made by greedy bankers. It is time to abolish this dastardly institution and replace it with nothing – return to the gold standard and leave banks to fail if they make poor decisions.