Senate Votes to Confirm Bernanke

[Marcus Bryant]

http://online.wsj.com/article/SB10001424052748704878904575031020105055604.html

[Winehole23]

The full public record of Bernanke's bailout acheivement has yet to be released, so he can still be safely confirmed.

For any waverers, the crutch of sending a message of "confidence and stability" was handy.

[Marcus Bryant]

Without him, the sky would be on our heads.

And so the myth is cemented as fact and will be quoted to us by our grandchildren.

[Winehole23]

Odd that Chicken Little would so rule the roost, but there it stands. There's an official $4T speedbump for TBTF defaults now.

We can't ever let debt-deflation happen, and allow hypervalued asset classes to regress back to their historical means. That would be bad.

I guess we're never going to find out what that's like, unless some future bailout should fail for some reason.

[Marcus Bryant]

As long as we have the right man behind the curtain, I suppose.