Another Fed bailout to hide the damning evidence that $trillions$ of MBSs are utterly worthless and devouring the financial system from the inside. Congress is being muscled out of financial market supervision by a troop of venal banksters and corporate picaroons who are threatening to finish-off the already-defanged SEC and put the Fed in the driver's seat for good. Police the markets on the 'honor' system? Crazy! |