Originally Posted by onwebcam

There's a few differences in whats happening here over those countries. The most important of those is the Federal Reserve isn't the government. It's a privately company owned mostly by foreign entities. As it is right now this private company holds over 80% of all US home mortgages (probably more now after Citi.) and they are only halfway through the money. Now it's pretty obvious the other half will be used to by up commercial property and companies as they begin to crumble over the next 3-6 months. In addition now the Fed is asking to more or less become the Treasury and issue it's own bonds from here on out. Whats even crazier is that it could all have come to an end for 400 billion by our Government buying the Fed out. Instead they issued them 700 billion (that turns into 7.7 trillion) and let it all continue.