A Stitch In Time..........!

When the Fed said it could not bail out Lehman Brothers, the Collaspe had not started in USA! The Fed made Lehman Brothers fail by NOT bailing them out by giving the required financial aid/package! Then started the Saga of Master Failures! Fed had no choice but to back the failing
ones with billions of dollars of financial aid! If the Fed had acted in time to back up and bail out Lehman Brothers the FALL could have been averted or it would have been mild and bearable! Instead the Fed maintained foolish silence and let Lehman Brothers fail and lose the credibility
of the American Financial system, which fell like a pack of cards after the failure of one of the American Financial System's poster boys-Lehman Brothers!

Its said that people learn or should learn from their mistakes! But, it seems the Fed has not learnt what they should have learnt by now - "A stitch in time saves nine!" After all this turmoil in the financial markets and the worst ever situation after the Great Drepression, the Fed is adament on NOT giving any backing to the sinking auto industry, with the poster boy of American Auto Industry, GM, crying aloud for financial aid! The Fed is sitting tight proclaiming the liqidity crunch and quating the so called prophetic projections of the so called financial experts! What the Fed deliberately forgets is it is these same so called visionaries caused the turbulant times of the present and these same sort of miscalculated /strongley biased projections and statistics proved to be the cause of the financial debacle of the present day American Financial System!

It is said that the president elect is strongly in for the financial backing of the auto industry and the White House is not in a mood to buy his idea of backing the failing auto industry. If the financial aid is withheld or not given in time, it is going to be another disaster coming to swallow the American Financial System, with whatever credibility the system has now, getting eroded by the minute! The collapse of the auto industry will defenitly go in a very big way to help the already recessioned economy sink deeper into the financial quagmire, with the light at the end of a very long tunnel getting dimmer and dimmer by the day! It is always better to save the parts first than saving the whole thing in such a situation where nobody knows where and what are the escape routes and when the rescue brings the real relief!