Bailout Plan

Robert L. Borosage: In The Fed We Trust? Will The Senate Reward The Architect Of The Wall Street Bailout?

In the lead up to the financial crisis, Ben Bernanke was Sancho Panza to Greenspan's Quixote, gleefully touting banking deregulation while blind to the dangers of an $8 trillion housing bubble. He celebrated an economy where incomes of most Americans were declining, household debt was soaring, and inequality reached Gilded Age extremes. Once named Fed Chair, he chose not to exercise the ...