"The problem is somebody has to step forward soon to begin a correction on the massive economic imbalance otherwise you will have a 'run on banks'."
In a highly unusual maneuver, Fed officials said they would secure the loan by effectively taking over the huge Bear Stearns portfolio and exercising control over all major decisions in order to minimize the central banks own risk.
The problem now is more investments banks will fail and more public money will be used to bail these banks. The rich get richer-the poor get poorer. Courtesy of the federal reserve system the 'blame game' on the little people continues.