Apparently I’m not the only one outraged at the incompetence of not only Wall Street but every government official possible. The problem with the state of our economy is leverage and greed. And Congress and every other government official wants to blame speculators, senators and rumors. It is extremely sad that not one government official is standing up and telling everyone that the Emperors (The Fed and Bernanke, our financial system in its current state, and Financial stocks such as Fannie Mae) have no clothes.
But don’t listen to me, listen to Barry Ritholz, who nails it in this post: