CSPAN Key Capitol Hill Hearings March 19, 2014
They bailed out credits and aig, mostly foreign banks. Had a lot of programs to provide funds to banks. You had a trouble asset relief program. The Federal Reserve was involved in doing that in the sense that bernanke was setting at the table when they were twisting banks arms to take funds. Quantitative easing, thats part of the response to the financial crisis. What i want to do is start off with the beginning in a way so we remember how this happened. Lets leave aside the low Interest Rate stuff, maybe thats correct, maybe its not correct. Thats counter factual. We can be sure of one thing....