Of all the surreal choices the U.S. has made in the last few years, the strangest might be our decision to put the people who ruined the old system in charge of fixing it. Ben Bernanke, Barney Frank, Nancy Pelosi, Chris Dodd, Tim Geithner et al built the monetary policy and regulatory structure that let “financial innovation” and government spending run amok. But instead of the long prison terms they deserve, they’re hanging with the president and being interviewed on Meet the Press and CNBC — and collecting big paychecks. This is not the right way to treat these people.
So just in case you aren’t aware of how badly these guys misunderstood the mess they were making, here’s a bit of Ben Bernanke history from the Classic Video files: