Look, I do understand what you have posted, BUT the problem is not just going to go away. CDS swaps are still being written. The game goes on. The FED is still piling up debt NO ONE CAN PAY. This entire country, if not the rest of the developed world will be in slavery due to compound interest that can NEVER be repaid.
Sure politicians caused this mess with the home ownership bogey man. BUT that does not excuse the out right fraud of the mortgage market and the massive loss of the documents that are the foundation of the common law property rights.
The lose of confidence has ALREADY begun. This damn will burst. The FED has and continues to lose creditability. Sure the politicians are crappy, but I would rather have REAL MONEY than the SHAM of debt backed notes that need MORE debt to forestall a crash.
This country is done with debt. If this theft continues, this nation will be destroyed. Keeping the current private bankers in charge of this country will NOT end well.
When the Government essentially owns and runs the country's real estate and mortgage industry, obviously, the problem is structural, not temporary... and is not going away until that's fixed.
The FED is still piling up debt NO ONE CAN PAY.
Sorry, the Fed and monetary policy has not piled one dollar of debt - thank (or blame) the fiscal policies of your Congresses, along with the Presidents, for the PUBLIC debt you and your descendants will have to pay.
Sure politicians caused this mess with the home ownership bogey man.
Home ownership is not a bogeyman, the Fed has become the bogeyman for the politicians who desperately want to divert attention from themselves and their failed policies which is finally nakedly on display. And instead of "the political Emperor has no clothes" their flunkies keep pointing the finger of blame on the Fed and Bernanke, the few people who literally saved the country and people from immediate financial collapse...
The FED has and continues to lose creditability.
Of course, it does, and in no small part from disinformation propagated by politicians, either deliberately or unwittingly, on the blogs like Zerohedge et al, and by political commentators who decided they understand the economics by reading these sites... It's a vicious cycle of harmful negative feedback... just like miseducation of children in American public schools who grow up "knowing" that Reagan was the worst U.S. President because he was a "warmonger" and spent all the money on military instead of the poor, which "created" huge deficits, and that Franklin Roosevelt's "New Deal" saved the country from Great Depression.
This country is done with debt.
If that's what you really want, stop the indiscriminate Fed-bashing and Bernanke-bashing, and help educate and elect politicians to Congress, White House and state houses who can actually stop creating debt by spending and borrowing the money they don't have. That would be a good start.
Keeping the current private bankers in charge of this country will NOT end well.
The PUBLIC debt was and is created by your elected PUBLIC officials, in Congress, White House and state houses. You can understand that or you can continue following their lead and blame the Fed and keep sliding further down the rabbit hole of debt.