Hindsight is 20/20

So NOW the Fed Chairman says that we should be putting in place rules and methods of detection so that we can see what's coming and stop it. Mr. Chairman are you just now figuring this out. You mean to tell us that this is some kind of sudden revelation to you. As John Stossel would say, "give me a break". And this morning the WSJ reports that in the fourth quarter 500 Billion dollars of credit was withdrawn by the same credit card companies who passed out their plastic disaster like Christmas candy so now there is another prediction of a catastrophic credit crunch because many people who really can't afford to use them will not be able to live off of their credit card float. Where were all these people and their prognostications when we needed them!!