On 8/29/2009 6:17:25 PM, John Williams ([email protected]) wrote:
> 
> My point was rather that Bernanke, and others like him, were invested
> in making the situation seem dire AND that unless there were swift and
> large government intervention, that the consequences would be
> inconceivable. After painting that picture, and intervening, Bernanke
> et al. then began proclaiming how their intervention had prevented
> such a calamity. All with no real proof -- in fact, the success of the
> whole scheme depends on there being no possible way to disprove their
> alleged genius and heroics --  but just scare tactics and bluster.
> 

Or on the other hand, they did do a good job of it and people of your political 
stripe are invested in pretending that they did nothing of any worth.


xponent
Backbiters Maru
rob

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