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Bernanke did do an excellent job with what he was dealt but the Federal Reserve System is going to lead to boom and bust into the foreseeable future. Interest rates should be left to supply and demand. The US markets are the farthest thing from a free market. 0% interest rates will come with...

The government could drive the unemployment rate back down to 6% overnight. Just stop paying unemployment benefits. Poof! Unemployment solved.

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This bill is comical. It's still going to leave millions uninsured and paying fines as a result. I wonder how long it will take before the first American finds him or herself in jail for not having insurance. Welcome to America.

Enjoy it while it lasts. Bernanke has flooded the market with money in '09. Everyone goes back to work next year. It's back to spanking the monkey for Blackjack in 2010 :D

You are assuming the people who hold those mortgages will not be able to pay the reset amount. Remember, they are a higher grade borrower and many of them probably bought the house with the increase in a mortgage payment factored in so the default rate will probably be much lower. And the...

Good article but this is old news. And what will be done about this you ask? Nothing of course. Since Goldman occupies so many offices in Washington it would be like the Government punishing themselves and even if GS didn't own the Government no one should get in the way of someone doing...

Those quotes do sound familiar but no two recessions/depressions are the same. The Government/Fed are hell bent on keeping their pedal to the metal to prevent another depression. It will be years before we have to pay the piper again. I do believe the worst is behind us and businesses will...

LOL, that was funny. Now I know why they make Valium.

These are some great comments. The government has simply taken the place of the leveraged consumer. Instead of the consumer directly taking on too much debt the consumer has indirectly taken on too much debt, through the government. The day of reckoning will come when the government can't...

I don't see the market making any kind of significant move down as long as the Fed keeps rates at 0. When the Fed raises or talks about raising the market will correct. Until then, this is a cheap money rally and cheap money policies always end badly.

"Assclown," I love it. Hey wait, that you BuyLowSellHigh. Man, I miss that dude :(

It's pointless to be bearish in a market that just won't stop going up but that doesn't mean there aren't bears out there. You can't solve a massive debt problem with more debt. At some point the US will either have to pay very high interest rates to roll the debt or they will have to print...

Precisely! Very few understand this.

C'mon. GS recently recommended the $16 calls. GS wouldn't mislead us, would they? :confused:

The Fed and US Government are the biggest shell game on earth.

And what did the market do today? Yeah, straight up. Mind-boggling.

You cannot pay off a credit card with another credit card and expect to stay solvent for long. If you do then you have to get at least one more job to pay down the increasing debt. That's the predicament the US Government is getting into. They have solved their problem with their credit line...

"Making Home Affordable Program." That's laughable. How about let them fall to a price where someone can afford to buy one?

No need to worry about creditors turning the other cheek. The government just borrows from the Fed. It's a brilliant system, the Fed issues bonds with the left hand and turns around and buys them with the right. Each transaction cancels the other out and the Fed looks as healthy as it did...