Over the Top Fed Actions Feed Conspiracy Thinking

By Scott Thill, AlterNet
Posted on April 7, 2008, Printed on April 7, 2008
http://www.alternet.org/story/80501/

Given the fact that it is the target of more than a few conspiracy theories since it was created in 1913, the Federal Reserve System, more commonly known as the "Fed," in media and finance parlance, could be acting with a bit more prudence during these dark economic times. But no, it's gone ahead and damned the depression by doing what the New York Times described as the "unthinkable": bailing out Bear Stearns while giving away hundreds of billions to banks and other institutions whose labyrinthine securitization of our debt economy started this whole mess in the first place.