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