Ben Bernanke's Bad Analogy to Save The Banks

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[pakratmak]

Following his analogy-fireproofing the house means ending the Federal Reserve.

[DJMight]

Better thing to do in that analogy is to let the guy die in the fire for being a retard.

Then spend $150+ million to celebrate his death.

[LetMeFlyinPeace]

according to bernanke, the house that started the fire is more important then every other house that might burn down

[Gunnarssonsgate]

Isn't FED owned by bankers? Of course FED protects them! Who benefited from the FEDs QE? I guess it was the finance institutions. Wasn't FED created to protect banks in the first place? That's how the system is ruled.

[MrSmackdown100]

This guy never studied logic ;that is for sure. The analogy is correct. The side effects of allowing AIG to fail were greater than the support. It is not a "reward" for failure it is

a methodology for minimizing the damage of the fall out. Bernanke is advocating tighter regulation. So put the blame on congress not the Fed.

[MaudsPas]

The bailouts are the water that you use to put the fire out.

It's Republican/clinton deregulation that started the fire.

[mintoo2cool]

fed does not give the money .... it "loans" it ... we are not giving AIG 165 million ... we are loaning it

[Landaren]

@beeohhski Glad you missed the point

[uturniaphobic]

2 + 2 = scewed

think! AIG loses its ass on CDSs to Goldman Sach and the other croanies...

All of a sudden everyone MUST get healthcare

and well lookie there! AIG works in insurance ...HEEEEELLLOOOoooOO!???

5*s!

also healthcare will likely = RFID chips for all

run folks!

[sesshoumaru3st]

cenk doesn't get the analogy.Listen, the house are the banks and the man in the house represents the bank owners.the fire is the financial crisis and the water is the solution to put out those crisis.Ben Bernanke said that allowing the banks to raise capital of 75BILLION will put the banks in a position to start leading again.THE WATER IS THE MONEY that's how you save the banks,and large and small businesses.More importantly, that's how you stop the crisis(the fire).I expected more from cenk.

[hawadlah]

The fed chair have to save the failing bank (in this analogy the burning house) because of the people and the organizations that deal with the bank not because of the people who run the bank to the ground. Also the fed chair doesn't have the power to fire the bank executives who failed at their job, congress and the president administration who have that power.

[RageagainstRacism]

that is like saying that housewives dont contribute to the economy. Sure they dont make a widget, but that is not relevant. if we had no banks we would have a very unstable and inefficient system... Banks provide a great deal to the economy, go back to school.