When Wall Street is the Problem, Is Bernanke the Answer?

The Fed had stood by and none nothing to stop the subprime/subcrime wave, and nothing to stop the millions of foreclosures for years. Now, the Fed is proposing to step in, arguing that the new agency is not needed. "I'll handle it," says big Ben.

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Bernankeism is now Leninism, Capitalist style, undemocratic centralism by another name. He decides, we support. No checks, no balances. He is our Monetary Mullah, a beneficent avatar of Korea's Kim and Iran's Supreme Leader rolled into one. Genuflection, not accountability, is his order of the day.