The Effect of the Fed's House Cleaning on the Stock Market

David Stockman: The president should stop trying to take credit for a artificial fantasy land economy that can't be sustained. We've had 25 trillion staggering number of financial engineering stock buybacks big M&A deals that accomplished nothing over the last two decades, he says. "We're going to have to go through a cleansing process but i think frankly a big impact is going to be to the 1% when the bubble is finally and fully punctured"