In general I am not in favor of bailing anyone out of their mistakes in judgment. This goes double for investment banks and hedge funds. If investors in these funds want relief they can go to court in those cases where shenanigans or negligence occurred.

I was going to write a post suggesting that Chairman Bernanke do nothing for the next five years and leave the 5.25% Fed Rate alone. It seems to me that stability and consistency in the market are very important and I do not believe that Wall Street should go crying to uncle Ben when they blunder. I have reassessed this position and now believe a 0.25% rate cut would at least reassure the markets that the Federal Reserve is not in hibernation and is paying attention to current events. While the price of a bottle of milk has gone up and so have many other staples. Fuel prices, and home prices have come down as have most modern appliances. Computing power and productivity continue to rocket upward.

Based on my lowly observations inflation is at least temporarily holding steady so while we might debate the subject, there is no debate about the credit crunch. Having come to this conclusion, The Fed should still wait until their next meeting to take action and not before, because they need to show some discipline in an environment where all of our other financial institutions have lost their minds and a lot of credibility Moody's & S&P credibility called into question - my rating FFF.

Those of you who are new to BloggingStocks can check out my other stories and read Chasing Value or Serious Money to find more potential opportunities and verify my track record as well -- INCLUDING ANY BAD CALLS.

Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm.