Thursday, October 16, 2008

This Inspires Confidence

Bernanke is now touting too big to fail and talking about curtailing asset bubbles (note the date of the article)!

Federal Reserve Chairman Ben S. Bernanke said the central bank will consider discarding its long- standing aversion to interfering with asset-price bubbles and warned that the banking business may be concentrated in too few companies.

Now this is bizarre because Paulson and Bernanke just enabled consolidation of the financial sector in the last few weeks so now after what they have done it's now realized it's not good to have the U.S. national economy dependent upon just a few institutions?

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