I generally don't believe in conspiracies, but I do believe in Washington Cronyism, particularly between Washington, DC and Wall Street. Paul Farrell has a good article in Marketwatch.com this morning--one day after President Obama's announcement to retain Bernanke as Fed Chair.
In Dismantle Bernanke's 'Happy Conspiracy'...now!, he explains the problem of giving the Fed too much power, as the Federal Government has for the past 25 years, and future concerns with the current plan to solve the credit crisis.
Enjoy.
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