We're already seeing the path that the Fed wants to take out of this problem, which is the same one favored by third world countries around the globe: Inflate our debt away. And in the mortgage area, we're seeing the Congress tell bankers and investors to simply write down debts and let deadbeats and frauds get away with bilking banks - without the people involved even troubling themselves to file for bankruptcy. The Fed and the US Congress have no intention of allowing the market to tell people to live within their means. |