Fed Pledges $7.7 Trillion

So what ever happened to just $700 billion? That sounds small compared to what they are now providing to failed companies. I think the Fed is abusing its power and going to far with this. $7.7 Trillion!!! That basically doubles, DOUBLES, our debt!!!

First the Dot Com bubble burst, then the housing and credit bubble, what next? I think it could be the money bubble or our currency which will burst!

I don't think anyone knows what they are doing, not even the experts, we are in uncharted territory and what we are doing could most likely make things much much worse!

Here is the link to the article on Bloomberg.com