After the Lehman Bros. collapse, Bernanke argued to lawmakers that we faced a catastrophic collapse of the financial system and a second Great Depression. That wasn’t true.

It was a way to get the government to absorbe the bank losses and enrich the bankers. We should not fall for this scam again

Source: The bank bailout of 2008 was unnecessary. Fed Chairman Ben Bernanke scared Congress into it

No ratings yet.

Leave a Reply