I still fail to see the connection you draw between blatant securities fraud and the existence of a central bank. People seem to blur the lines between bailouts from the federal budget and "bailouts" from the Fed's printing presses. The former comes directly from taxpayer's pocket and the latter steals from the value of the dollar itself. They also fail to differentiate between expansion of the Fed's balance sheet with loans from the Term Auction Facility. The former is an expansion in the money supply itself while the latter contracts itself when the loans are repaid.