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Bankers, who benefit from the American fractional reserve banking system, never criticize the Fed, especially since it is the lender of last resort that bails out financial institutions when crises arise. This year the Fed even extended its bailout provisions to Wall Street brokerage firms, like Bear Sterns, but the Fed's aggressive actions in trying to avoid a recession may well make matters only worse. The mismanagement of the spend, spend, spend federal government and the unofficial US policy over many years of letting the US Dollar lose value has unleashed inflationary forces that Ben Bernanke is going to find exceedingly difficult to control. Unleashing a flood of additional liquidity when excessive debt is already a major part of the problem will surely backfire on the Fed c.

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