Hedge Funds Get Bailout From Federal Reserve While Americans Spend Christmas Eating Gruel

As insane as the world has become, it is now even more so. We now have the Federal Reserve bailing out hedge funds. Now, there are many honest people working in the hedge fund industry but hedge funds have fought regulation time and time again. And, likely did so because many were involved in activities that would not have been allowed were they regulated. And, who suffered? Generally its investors who ultimately bore the brunt of many incredibly foolish operators. All the while many of these hedge funds printed profits. So, do investors who have ultimately lost 50-70% or all of their money in hedge funds get these outrageous hedge fund fees back? Baahaa!

Still, the only people not to receive a bailout are the American people. A friend and I were talking today about the unintended consequences we highlighted after the Fed's most recent action - that savers are punished at the expense of the banksters. How much income in savings has been lost since the Fed started cutting rates? Investments in money market funds, certificates of deposits, etc? Hundreds of billions of dollars or more. All in an attempt to save the banksters at the expense of hard working people. Not only is the Fed jeopardizing healthy banks to save the banksters but it is taking money out of the economy and wage earner's pockets to save the banking system.