I cover housing and finance for The Huffington Post. Yet on Nov. 21, 2007, I bought into the company identified more than any other with the subprime bubble and subsequent crash. I bought a $1,037 chunk of Countrywide Financial.
It's an interesting American paradox. People with my personality start big companies. Steve Jobs and Bill Gates are examples. Once the big companies get started, they never hire that same type of rebellious personality to work there. The few times I tried conforming, I failed miserably.
The Fed must desist in funding the trading operations of Mega-Bank Holding companies so that they can no longer use the Fed window to play casino with commodities that are basic to our economic well-being.
While we may not all share the same political ideology, we all do have one thing in common: every day we get up, leave home and head to our respective enterprises. That is how we survive and hopefully prosper.
The Fed's mandate needs a massive overhaul, and our government needs to refocus its priorities from bailing Wall Street out of the mess they have gotten all of us into, and focusing on how bailing Wall Street plays out on Main Street.