It’s good in that this will show some transparency of what has been going on with the Federal Reserve.

Rumors are that the Federal Reserve has been giving out very large loans to favored parties, who then took the money, invested it in the stockmarket, then paid back the loan one month later. The amount of money that has been handed over to these favored parties is such a large sum, that the favored parties are able to drive stock indexes with it.

This is what many people recognize as the so called Plunge Protection Team commonly abbreviated the PPT which has essentially kept the stock market up at the expense of diluting the dollar and every American’s savings.

However, fundamentals always reign supreme and at some point either we have to have a massive devaluation of the dollar and huge increases in profitability in companies to justify the price to earning ratios or we have to have a stock market crash to bring the P/E ratio back down reality.

Either way, Joe 6 Pack is going to suffer but the favored parties are going to walk away with huge gains for basically manipulating the stock market at taxpayer’s expense.

All the people who have been seeing monkey business in the market I think will soon be exonerated for their accusations that the PPT exists. Of course, these people won’t be credited for their astute observations, just as nobody remembers any of the “nuts” that were calling BS on Bush’s claims of weapons of mass destruction in Iraq before the war was started. It will be a Pyrrhic victory at best and the colluders like the media will walk away scott free, again, claiming ignorance.