We've seen this economy go through some twists and turns lately, but it'll be nothing compared to today. With the Fed signaling that it was assisting a bailout of Bear Stearns using JP Morgan Chase as it's conduit, they are going to cause a panic in the market and further devaluation of the dollar. This will result in more inflation and a staggering economy - stagflation. Did we learn nothing from the Japanese experience? Why aren't we demanding a full accountability and an opening of the books rather than hiding them? We would be better served to get the bad news out there and deal with the aftermath quickly. America, your leaders are failing you.
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