"Until We Collectively Scream Loud Enough"

I haven't commented on the Fed's plan to buy Treasury debt because, while momentous, it shouldn't surprise anyone who's been paying attention during the past few years. But be sure to read this post by John Hussman. Hussman has nailed the economy and the financial markets for years now, and his performance record reflects that. He's usually pretty mild-mannered. But that's changed recently. And there's this, which should sound familiar to readers here:

Speaking of “other people's money” and conflicts of interest, the first step toward better public policy is to bar the unelected bureaucrats conducting these bailouts from any future employment by companies that benefit from their actions. Call me cynical.

This needs to be done now. It's scandalous that this loophole still exists.