Come on, guys, you still don't see that rate cuts are useless to help the credit and housing crises. The heart of the matter is that the devils in the markets are short of cash owing to over-leveraging. When they can't have the money to service their over-leverages, they have no choice but to sell off whatever they can sell! So rate cuts have no or very little effect on helping these devils.
The central banks should let the markets decide and work out the solutions and adjustments that are necessary, however painful and agonizing! We have seen too much government interventions within a short period of time and the more they intervene, the worse the situation becomes. So please don't behave like childish fools and use your heads to think before interventions!
What is offending is that when some of these officials appear on the mass media, they just SMILE! Well, there is nothing to smile at; please keep your mouths shut! I don't want to see such smile when the sky is falling, when people's savings are jeopardized, when people's hard-earned money is devaluing everyday, when genuine and honest investors are suffering huge losses at the mercy of the devils in Wall Street! God, please help us to fight against these smiling dear friends of Wall Street!
God, why have you forsaken us?
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