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At this point, central banks should consider their actions more than carefully. The collapse of finance markets has already happen so there is not that much to save. But of course, everyone is interested in billions of tax payer's money. And this far central banks have been very willing to deliver it. And bankers have been happy to receive it. AIG managers spent $440,000 tax payers money after the bailout only in a week. The thing just is, that during web 2.0 these kinds of incidents are harder to hide. Tax payers money is wasted every time, when central banks lower interest rates, or borrows money with low interest to other banks. Bankers take the cheap money and sell it forward with higher interest - back to tax payers. Central banks call these actions necessary, but I disagree. During these days these kinds of "rescue operations" are very popular. But instead of saving actually anything, central banks are just destroying more. Tax payers money should be used in investments to start the economy again, not to send into bankers pockets. If the money is wasted now, it is not just finance markets, which will collapse. If all the money is wasted, the whole society will be in danger: health care, education, infrastructures - the reason, why we have payed taxes. It will take several years to get the economics back on trail again. Especially FED's actions are pathetic. Lowering interest rate immediately, when stock prices fall slightly, have done more harm than good. Instead of letting markets fall slightly and recover, stocks raised at the end of year 2007. So when it was time to act rationally, FED just increased the bubble. By making moves with billions of dollars without considering the future impact, FED will loose the game. And then it's their turn to explain, how come they too $500 millions for themselves, while doing big losses. But this time stealing money from taxpayers is not as easy at it has been earlier. After web 2.0, media and government's do not own the market information anymore. Citizens can organize, share information and act, before it is too late. And the misleading arguments will not be forgotten.
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