Bernanke: No Firm Is Too Big To Fail
July 8, 2008 11:47 PM
Bernanke’s comments lately about “no firm is too big to fail” and his insistence on this issue has me wondering. Does he know something we do not? Is there a big firm, presumably a financial that is near collapse? Why would he make these these comments several times for no reason? I get that he gets questions about Bear Stearns often and that people perceived the company too big to let fail and they had no choice but to bail it out or risk a financial collapse.
But is there more to it than that? Something does not pass the smell test on this. We will see.
Comments
Got something to say?
-
Recent Commentary
- Site Update: It Has Been Fun, But Closing It
- Morning Call: Open Sold
- Market Recap: GM News Was Not Really A Deal, Dow Low Cleared Late and Down She Goes
- Morning Call: Open Sold, Dow 7773
- Market Call Revisited: Sell Asia
- Market Recap: Not Good
- Market Update: Doesn’t Look Good, 818 and 826
- Market Recap: Buyers Above 818
- Morning Call: Open Gap Bought
- Market Recap: Buying On A Big Number, Now What?
- Morning Call: Still Uncertainty
- Market View: GM Holds The Cards
- Stock Charts VS Market Charts
- Market Recap: Somewhat Predictable, Low Came Where I Said Was Likely
- Morning Call: Unclear, Risk Is High
- Huge Rally: Now What
- Market Comment: Does News Even Matter?
- Market Recap: Close Day Craziness
Our Mascot Trading Goal: Ferrari 599
