The fed fueled the bubble back then. That was a bigger blunder.
Funny how that's works. To stop bubbles from happening The Fed was created. They do a lousy job each time so what do we do, give them even more control.
Never going to stop. Markets need and want the bailouts, without bailouts stocks would be worthless and the rich and wealthy make pretty much all their earnings through stocks so in comes the fed with trillions of dollars to pump up stocks. Rinse and repeat over and over and over again.
