Were you aware that you have no choice but to bail out the bankrupt states?

it's a problem area. the fed is above all of that i suppose. i don't think the fed was intended to have all the power it has today. the real problem is the upcoming bail outs for various states will lead to a melt down in the bond market which could send things spinning out of control again. BUMMER! (i'd hold that cash a little while longer and hope agaisnt hope against inflation)