The Fed : Should or Shouldn't It

The Federal Reserve will provide liquidty to the banking system based on what is good for the economy and not to help or punish the investors who bought the bundles of sub-prime mortages. The cause of the collapes in the mortgage market was caused simply because home owners simply couldnt afford their house payments. Bailing out the investors who bought those mortages is putting make-up on acne. It just covers the problem temporly,but the problem is still there and when the make-up wears off your still dealing with the same circumstances. The mortgage market must be allowed to work out theses problems with out the fed bailing anyone out. Los Angeles====The mayor of Los angeles must resign. People are going to wait for buses longer drive in bumper to bumper traffic simply becauses the mayor cant function as a mayor any longer. He cant lobby for money for mass transit or better traffic flows simply because of his poor personal conduct that tarnished Los Angeles image to the world. He simply didnt just have an affair which would have been his own busnesses but he had sex with a news correspent to influnence a school broad election to further Eli Broads school restructing plan. The plan if enacted will bring more corrruption to Los Angeles schools. The mayor must go. Los Angeles is just a couple of steps away from a full blown riot