Comments about ‘Fed moves to ease credit crisis’
Agencies may broaden types of loan collateral
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The federal government should leave the crdit market alone and let it heal itself. Federal intervention to control the market before it would colapse failed and the market run rampant using debts as a asset and its time they learn from their mistakes. If these greedy businesses had not been so greedy and trying to inflate their value then its there own fault. The taxpayers have suffered enough, let the banks die and more responsible banking prevail. It was inevitible these companies failed because of their irresponsible actions now they must pay the piper but not with tax dollars. Besides, our government is broke too and must borrow to save these companies. Which is worse, a bankupt bank or a bankrupt government? I would rather have a solvent government. Borrowing money to save a bank makes no sense and is what caused the problem to begin with. Every time a bank failure gets bailed out with borrowed money only deepens the problem failure is still imminent.
Amen, Bob.
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