Mr. Bernanke

He is the man. One should respect that. One should also respect risk. Unfortunately it has been trodden upon as the critics have been saying since 1987 when Greenspan initiated his famous 'put.'

Due to the inherent risklessness in the market, it is not proper for FED to act tough even though WAS proper several years ago to be. The systemic (big word) is to great.

The reason is that the individual investor isn't even in the market but being ever wise he has put it into mutual funds and pension plans-people that wear suits all day and have degrees in finance.

Mutual funds are mutual funds so they invest in the stock market which is actually the only healthy thing in the market-relatively speaking. But it is the pension plans that I'm more worried about.

These pension plans, the multi billion ones, represent federal, state, and local employees as well as private employees. So as the common man is rooting for hedge fund explosions and rich people getting burned, they don't realize their savings which went to pensions then to fund of funds then to hedge funds and finally to subrime mortgages (that the common man took out--full circle don't you think?). Trickle down economics may not work with taxes but it sure works in the real world.

The wealthy will lose their jobs not their bank accounts. So it will once again fall on the common man, like with Enron, to face the burden and appear on Dateline or a Michael Moore documentary sad and disgruntled.

Respect the people at the top and never cheer for a downfall. It is not proper and every revolution as seen in our history books never turned out quite as people imagined them to be. And this is a revolution because when the dust settles our financial system may not be the same again and government control of the market may become systemic as only risklessness was.