FED --- Were they sleeping?

Yes....I mean it.....And I dare to write it here which will be read worldwide.......

Today, Fed and Mr.Bush want to see that bailout to happen....I agree this might be the need of the hour......But why do we have to act when the share price is touching ZERO and the entire world is suffering from the this economy massacre? Even a few months back, FED was confident of their banking system......Now when Bear Sterns and Lehman were gone, they said that I-Banks are under the supervision of SEC......Fair enough........Now what? Washington Mutual and Wachovia collapsed.....They were under FED's control........

Can we then say that the entire system was fooling around with shareholder's money? Just think of the millions of people who invested in these companies and couln't even sell them beacuse they GAPed down 90% to negligible value........

Now comes the question? Why do we need to hire the so called IVY League graduates and pay them hefty salaries......The CEO's are now saying that they could not visualize this catastrophic downturn? True.....How will they? Everybody wants the short term goals to be fulfilled......Because they know that after 1 year, they will have a different job profile.....And this is the problem with every organization in the world.......Barring a few, all employees are interested getting monthly salaries and showing wrong target achievements........Till the day, this basic problem is addressed to, we are going to see many similar instances in the future.....Several Indian companies fell because of this......I hope most people who are reading this article are employed somewhere......My urge to all will be to ask yourself whether the same is applicable to yourself or not......One should always think of one's own opportunities but not at the cost of shareholder's money........