Tornado Alley (PROG)

[SilverSurfer]

rus, being an articulate mb poster I assume you read the article you posted, so since you grant gov so much grace and faith, you may possibly be reassured that Tim and the gang have the "housing/mortgage crisis" in prop up mode and segregated to the balance sheet of the Fed and Federal Government for how ever long it will take to dilute the dollar enough to 'stimulate' enough inflation to allow anything that is not dollars to reflate it's arbitrary value. You Gov Lovers should take heart in a belief that there is no "crisis" too vast to overwhelm a Central Bank and complicit Gov.

To understand how unlikely it is deflation will win please read > http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm

"I am confident that the Fed would take whatever means necessary to prevent significant deflation in the United States and, moreover, that the U.S. central bank, in cooperation with other parts of the government as needed, has sufficient policy instruments to ensure that any deflation that might occur would be both mild and brief."

Problem is ,<< Moral Hazard >>, as the Fed and Govs pile liquidity into the money contraction of debt redemption, the powerful are the reciepients with pockets open wide and connections pre arranged.