FED Chairman see's light at the end of the Tunnel

My interruption of the 60 MINUTE interview with FED Chairman Bernake is that the recession will be over by the end of the year and we will see a strong economy in 2010 with sustained growth for the future. Does this mean we've hit bottom?

He points the finger of failure to the financial markets that took huge risks in lending money to people who were not credit worthy and investors purchasing these securities in the Sub-Prime market. I don't believe anyone would dispute that the lack of regulation and the practices of these companies is at the core of the problem and better regulation and supervision is needed. However, is it possible we are going too far in the other extreme?

There are many "credit worthy" people who are turned away from lending institutions. These are not only home purchasers, but entrepreneurs who have taken risks and help drive this economy including the small home builders.

Fear has been driving the stake deeper into the heart of the economy. As much as I believe the views of Chairman Bernake, we need to do more to remove this stake and give Americans hope. That begins with getting the cash from the banks flowing into the local economies.