2010-09-02

Weekend At Bernanke's

Oh, great. The Fed chairman is set to is set to testify to Congress that what this country needs in order to get out of the mess we're in is more of the same nonsense that got us into it in the first place.

There is, of course, no such thing as "too big to fail". Just like the little guys, the big guys should be allowed to suffer the consequences of their actions. And this includes not just the government, but quasi-governmental agencies like the Fed. What we need in this country is not more of the same, but something different.

A good start would be replacing Bernanke with Sheila Bair. Her take on things:

"Never again should taxpayers be asked to bail out a failing financial firm," Bair told community bankers in a speech in March. "It's time that the big players understand that they sink or swim on their own."

Just like the little guys.

1 Comments:

At 4:43 PM, September 06, 2010, Blogger Ted Amadeus said...

That dame should be on the GOPher ticket instead of Palin: She knows how to use her brain!

 

Post a Comment

<< Home