It's too bad the Republican rank and file didn't stick to their guns when they voted down the bailout the first time. We'd be a lot better off if those banks just failed and were broken up.
We actually already had this thread a long time ago....
I think I may of been the one who posted it actually.
That said, while there should be more transparecy, the Federal Reserve should be allowed to do what it does. It's an appointed position like the Supreme Court, for the same reason the Supreme court is an appointed position.
So that economic realities don't get subverted to crass political wishes. I mean, would you really want the republicans or democrats (insert party you demonize her) most of whom might of had 1 economics class if we're lucky... to have full control over what the federal reserve does rather then an economist?
Even when I disagree with what the fed does it's doing a better job then congress would.(Either party FYI)
