It seems that the FED has made ianagreement to bail out the European banks because Germany doesn't want to print money. Essentially that means that the US taxpayer will bail out European banks with higher energy and commodity prices because the dollar will drop. They may claim that this will help US imports but we have seen that the effect is minimal. The Europeans get the money and run. I wonder how is the FED allowed to do provide international assistance without asking approval from the government first.
"Wall Street" has *never* been a free market. It was never intended to be a free market. People really should know and understand that before putting their pension funds and 401ks on the line...
Oh you mean like most americans/canadians who loaded up on a pile of debt they couldn't afford just so that could have that flashy new car, house, tv just like their similarly deluded buddy next door?