Eventually, they are let loose, complete with a job and housing.

ECONOMIST: Clamping down on shooting up

Until now this policy has been unduly loose for Spain and Ireland, exacerbating their housing booms.

ECONOMIST: Economics focus

But there are political obstacles, particularly in America, where a large and vocal contingent in Congress accuses the Fed itself of being a threat to stability, pointing to loose monetary policy as a cause of the housing mania.

ECONOMIST: What regulators should do now

In his recent testimony before Congress, Fed Chairman Ben Bernanke indicated his loose monetary policy is working citing strength in the housing and auto industry.

FORBES: With Detroit In A Financial Emergency, Automakers Have Record February Sales

"The eventual exit from exceptionally loose monetary policy could make the recovery in the housing market bumpier than some might expect after the last few months of price increases, " said Mr Gahbauer.

BBC: House prices 'continue to rise'

Consumer spending remains strong, but (it is feared) increasingly dependent on housing wealth and desperate corporate measures to shake consumers loose from their hard-earned dollars the Big Three automakers have offered their employee discounts to the entire country to move backlogs of 2005 models off the lots.

ECONOMIST: Greenspan’s last words? | The

In other words, the 2008 trillion dollar derivatives blowout and the resulting destruction of the US job and housing market was not caused by one man like Soros, but by loose regulation over time that markets took advantage of, and got crucified for.

FORBES: Soros' Bretton Woods Meeting Not So Scary

Commentators have marveled at his mischaracterization of the gold standard and his defensiveness at the suggestion that loose Fed monetary policy of the early and mid-2000s played a role in causing the housing bubble and thus the Great Recession.

FORBES: Chairman Bernanke Buries the Phillips Curve: Bravo!