Are they in trouble or are they not in trouble?

http://www.washingtonpost.com/wp-dyn/content/article/2008/07/11/AR2008071101039.html

As time goes and I read more reports like this, I become even more confident that we are witnessing the culmination of incompetence and corruption when it comes to the main stream media and government. Simply put, it's a mess. Yet, everyday the people of this country struggle against the incompetence, until one day, hopefully, we all wake up and do something about it. To be fair, though, something is being done. The brilliant people who go to work each day and work on innovations that make all our lives better are doing something profoundly important, the scientists who invent methods that make life more enjoyable and lasting, the people who work with the under-privileged to give them a hand in a tough world, the skilled workers who build the products we need, the visionaries who develope ideas for a better future, the givers who sacrifice their lives for the betterment of the human race -- they are all doing something.

Yet, in media and politics we have absurd clowns who cynically or incompetently throw road blocks in our way, obfuscate the news we need in order to become informed and make decisions, create irrational regulations that make calculation of economic planning almost impossible. We have three worlds: the doers, makers, creators, builders, givers of the world; the takers, liars, controllers, manipulators, blood-suckers of the world; and then there are the apathetic who never bother to think about much at all except what's in it for them one way or the other, they just wait around for the best deal or hand-out to come along.

It's a sad state of affairs that we don't know what the true financial situation is presently, because there is no report to be trusted. I heard the other day that confidence in congress had dropped to 9% -- 9%! In a way that's a good thing -- it means more people are waking up to the fact that our government is filled with buffoons, liars and ignorant power-mongers, and you can throw the main-stream media in with them.

Update on Monday, July 14, 2008 at 11:05AM by Mike Farmer

For immediate release

The Board of Governors of the Federal Reserve System announced Sunday that it has granted the Federal Reserve Bank of New York the authority to lend to Fannie Mae and Freddie Mac should such lending prove necessary.  Any lending would be at the primary credit rate and collateralized by U.S. government and federal agency securities.  This authorization is intended to supplement the Treasury's existing lending authority and to help ensure the ability of Fannie Mae and Freddie Mac to promote the availability of home mortgage credit during a period of stress in financial markets.

(from the fed)

Should it prove necessary! Is it frigging necessary or is it not frigging necessary?