Friday, March 22, 2013

Bernanke: "We Have No Idea How Much Money We're Giving The Banks"


Bernanke on the benefits of being too big to fail.
"It's hard to calculate exactly how big of a subsidy we're giving the banks.  And I certainly never meant to imply to Senator Warren that the issue is solved and gone.  It is not solved and gone.  I agree with her 100 percent.  Too big to fail is still a major problem."
Highlight clip from yesterday's press conference.

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Here's the Bloomberg story that Bernanke mentions:

Taxpayers Are GIVING Big Banks $83 Billion A Year!



More video from Bernanke's press conference:

BERNANKE: "Bank Account Seizure Unlikely In U.S."

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