In other words, Paulson, Geithner, Bernanke, Obama, and Congress effectively conspired to rob the poor to bail out the wealthy
It did not work that way, nor will it because consumer and corporate debt remain, unemployment is high and rising, debt levels are intolerable, and consumer (and bank) attitudes towards debt and credit reached a secular peak and the pendulum to deleveraging has begun.
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Bernanke Pleads For His Job
The Fed is powerless to stop this even as Bernanke is bragging about preventing another depression. Meanwhile, please consider (if you have not yet done so) Ben Bernanke Pleads For His Job; My Response to Bernanke
Bernanke: The Fed played a major part in arresting the crisis, and we should be seeking to preserve, not degrade, the institution’s ability to foster financial stability and to promote economic recovery without inflation.
Mish: Ben, you sound like an arsonist taking credit for helping put out a fire, before the fire is even out, after you lit the match and tossed on the gas in the first place. For all the problems you have caused, don’t you at least have the decency to show a little humility?