Gang of Three Who Brought Us Crash of 2008 Tell Us How to Handle Next One

“The Fed is the chief financier of American crony capitalism. That is why it was brought into being and why the political establishment so zealously guards it. So best to take with a big grain of salt what Ben Bernanke, chairman of Fed before and during the crash, Timothy Geithner, chairman of NY Fed then and later Treasury secretary, and Hank Paulson, Treasury Secretary before and during the Crash have to say in a recent NY Times op ed. Naturally they want more power for the Fed.”

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