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If the usa federal government was most concerned about credit markets, they could have spent 700B to create a new federal agency which provides direct loans to individuals and businesses.
Instead, they will fund private banks with 700B in hopes that credit will "trickle-down". In other words, they bullshitted the American people in order to compensate private banks for their losses. It is corporate welfare on a massive scale.
Notice how they waited until september 2008 to declare a crisis. they wanted to get the 700B while GW bush was still in office and they waited until right before the presidential election in hopes that congress would approve it in order to avoid election controversy.
In order to get 700B, they used scare tactics. The big banks overplayed their hand. now, the world is in panic because the big banks terrified people in order to get the 700B. These powerful bankers are not simply thieves, they are dangerous and should be in prison. they intentionally destabilized the usa economy in order to get 700B (ransom).
The solution is to end the monopoly which the federal banks have on the money. In order words, allow private companies/individuals to create money which competes with the usd in order to create competition in the currency business. this will reduce the wealth and power that big banks have over Americans and the world.
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