before Congress, Bernanke said the collapse of Lehman was his biggest
mistake. I suggest it was his only success. Over-leveraged financial
institutions should pay the price for their folly, not overburdened
taxpayers in general.
The poor bailed out the wealthy. The poor continue to pay the price in two ways.
Excessively low interest rates on deposits
Fed actions to drive up inflation when real wages do not keep up