Yah again! What they have planed for the Mortgage situation can be considered Micro but in it's implementation they are expecting (hoping) the consequence will make maintaining the Macro level policies easier. I can't help but feel that Bernanke well/is using this as part of a biger plan to stabilize the currency untill something sain is done in Fiscal terms to reset the course the US is currently heading on. What the eventual results will be are anyones guess. Prolonging an inevitability of big irrestible changes, not that anyone wants the results of the changes, but buying time hoping. The last Depression was judged to be unacceptable, weather inexcuesable or not. Thus the search for a utopian remedy and the typical miss use, abuse, excues, etc. that does seem to follow.

Trying to pick my words carefully with this. Another way of putting it is 'the smart outsmarting each other' along the way to 'out smarting themselves'?

Old Joe

PS: One of the joys of life is looking forward to seeing what's next!

Speaking of what's next, "Got To Be News Of Some Sort Real Soon!"