Ahhhh… I dunno, duh???
Ben Bernanke’s hawking his new book, “The Courage to Act: A Memoir of a Crisis and Its Aftermath,” and telling every interviewer he doesn’t really get why Main Street remains bitter over his efforts.
Well, Ben, the Cowardly Lion had more courage than you.
In several of Bernanke’s interviews, he attempts to strike a populist note by exclaiming that he wrote in the book, “more bankers should have gone to jail” or been criminally prosecuted.
To begin with, I watched virtually all of Bernanke’s testimony to various congressional committees and his press conferences.
I can’t recall a single time that he expressed the view that there were criminals behind the 2007-2008 financial crisis when he was leading the Fed.
Furthermore, does anyone think that, back in the days of the crisis, if the Fed chairman had called for a few heads or pointed out some names of people…
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