Confusion is Abuse in the U.S. Economy.

One Guy Who Has Seen It All Doesn't Like What He Sees Now - WSJ.com

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In recent past articles, I've discussed deregulation, by our U.S. government, as the primary factor in the economic mess we're in now. In the article linked above, Mr. Bernstein has stated that the major contributing factor of our economic state, and the potential for this to turn into the next best thing to the 1939 Depression, is borrowing, and the investment rabbles that went unregulated by our government. In my opinion Bernstein is getting at a point in this article, that investors and the lending industry knew that if they could race to some undetermined finish line (the precursor to a market crash) with fattened funds, then they could sell off and come off the bull with a lot of money. This seems to be a fixed market in all senses. Take the risks up front, sell off the risk, and then walk away without worry of being anchored down by worthless stock.
Basically, the government was not watching the markets. The economy to me, represents pirates pillaging and looting large cruise ships of consumers. Bernstein even goes onto note that houses cost so much, that you can't buy anything in real estate with cash anymore. It all gets filtered down through the lending market, and this is where consumers represent the looted cruise ship, because a bulk of the real estate market are homeowners or buyers, who don't borrow, they are held under the pirate saber of loans. There are no other options. There's no protection for consumers in this current market, and this holds true in other realms of the market too, not just real estate. The Fed, now, is taking a top down approach, and funneling more money into a system that has way too much of it, and seeking more and more. Instead they should, what Bernstein states, "underpin the consumer". Start from the bottom, and in conjunction to this start sheparding big business lenders into fair loan practices.