It is becoming increasingly clear that Washington and Wall Street are in dire need of a--whats a polite way of saying this?---amelioration? It is inevitable that there will be a 'bloodletting' in both locales--it is just a matter whether this will happen through positive and comprehensive reform or-as mankind has habitually demonstrated--by way of self-induced razing. Unfortunately history has favored the latter alternative.
Robert Reich exposes the Fed's malfeasance and condescension in this recent blog.
Robert Reich (The Fed in Hot Water)