Bernanke takes on Occupy Wall Street

November 3, 2011 at 10:01 am | Posted in Uncategorized | Leave a comment

If the Fed hadn’t stepped in, things would have been much worse, Bernanke said.”The consequences would have been dire,” he said. “Not everyone understands that, and so sometimes people misunderstand our motives.”

Except, Honorable Chairman, the way the Fed stepped in enabled the investment banks to avoid changing their behaviors, even the slightest little bit.  Consequently, the Fed will be compelled to bail them out again next time … soon.

This, of course, raises the issue of, are the Fed’s actions on a par with the criminal behavior of the banksters?

via Bernanke takes on Occupy Wall Street – The Hill’s On The Money.

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