[Lurker]

What an idiot. I mean a complete stone dumb black hole dense brain dead mouth breathing moron.

We are so screwed.

[Orange1998]

Its his way of saying more money needed for the banks. I can’t see how Citigroup had the best quarter since mid 2007 after begging 2 weeks ago for bailout money.

[Freedom_Is_Not_Free]

Yup... If we had let the big banks fail, I wonder how quickly the healthy smaller banks would have filled the void. Pretty quickly, I think. I mean, imagine if the healthy small banks had received all of the government bailout money, and not one cent to the big banks. I see where Bernanke is coming from, but I think he is wrong.

Then again, I could be 100% wrong because I have no clue how letting all the big banks fail would affect their CDS expsure. Would this have lead to $50 Trillion called in overnight on CDSs? I just have no clue.

So maybe he right. This thing is so damn complicated, I just don’t know.