Now I get it. It is the Federal Reserve. Here is this independent group of people that keeps creating money to give to the banks each time bad stuff happens. Their goal is to create money and prevent calamity at the biggest banks. This is a noble goal for the economy and society. But what do the banks do with the money. They simply pump up their reserves, buy new legal help, maintain their salaries and “kick the can (of problems) down the road”. In their self preservation mode, banks remain a contributor to our economic problems. As long as the Fed keeps doing this, the banks will behave exactly the same. And, betting against the banks, quite obviously is like betting against the Federal Reserve. That’s a suckers bet.

For all this crapola to stop and to move the economy and real estate along, the Fed needs to pick the big bank it is willing to allow to fail… then cut its cash pipeline and let it fail. Others will get the message and change their “I’m above the law because the Fed is my guardian” stance. Until the Judiciary recognizes criminal intent by bank officers, it is the Fed that holds the cure to the foreclosure problem.

He likes to explain the serious problems of the day with simple graphics and the palm to forehead moments.

Can you envision him doing this live ? It is just his sort of fare !!