Thought and the whole system starts unraveling in reverse. The political response to 2008, ben bernanke, henry pulson, president bush, and obama, did they get right . Guest i think once the crisis unfolded. Ben bernanke and the Federal Reserve acted correctly. And that is no small measure due to the part tha bernankes doctoral thesis had to do with the Great Depression and he worked out a new interpretation why the Great Depression was so severe. He talked about the credit influences and that you really have to rescue the Financial System to make sure lending continues. So i give him a lot of credit for saving things. The Bush Administration pushed through a small stimulus package in 2008 and that probably helped a bit. But in terms of fiscal policy, tarp, which was the bank bailout was incredibly important. It reassured people that the Banking System was going to continue. Tarp was a recapitalization of the Banking System. The banks had been holding lots of assets that suddenly were l