Fed chairman didn't want to preside over the 2nd Great Depression
“In a financial crisis, if you let the big firms collapse in a disorderly way, it will bring down the whole system,” Bernanke said yesterday at a town-hall-style meeting in Kansas City, Missouri, taped for broadcast this week on PBS television. “I was not going to be the Federal Reserve chairman who presided over the second Great Depression.”There are those who think everything is fixed now. Yeah, right.
I guess an alternative way to look at it is, invest like you did in the past or go to Atlantic City or Vegas with your retirement/savings dough.
Then again, you could believe it'll take more than a few months to come back from the brink of total global financial collapse.
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