Richarddbeck
05-10-2013, 02:41 PM
This is a clip of Ben Bernanke answering question at the Chicago Fed conference. I captured this video at 10:00 am on 5/10/2013
One of the questions was what he thinks about "too big to fail" This is his answer.
Notice the very end where he says current laws may or "MAY NOT" prevent too big to fail. In other words there is nothing to prevent future bailouts of large banks. I believe that printing money to bail out failing banks will cause us all to use our S.H.T.F. skills...
It's time to get ready now.
http://www.youtube.com/watch?v=tK1kYa-ykcg&feature=youtu.be
One of the questions was what he thinks about "too big to fail" This is his answer.
Notice the very end where he says current laws may or "MAY NOT" prevent too big to fail. In other words there is nothing to prevent future bailouts of large banks. I believe that printing money to bail out failing banks will cause us all to use our S.H.T.F. skills...
It's time to get ready now.
http://www.youtube.com/watch?v=tK1kYa-ykcg&feature=youtu.be