Fail!

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Published : September 15th, 2011
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Category : Opinions and Analysis

 

 

 

 

[Clearly, Lehman's Dick Fuld is the prototypical 2008 financial crisis photo image for any look back at that time, but this picture of the dynamic duo in Washington - Treasury Department Chairman Hank Paulson and Federal Reserve Chief Ben Bernanke - originally appearing at the old blog on September 23rd, 2008, has some value as well.]


Ooo


While it’s not clear exactly what question this audience member was attempting to answer, there is little uncertainty about the sentiment with which it is expressed.




This comes from a report in the Denver Post (hat tip AD) following the Senate Banking Committee hearing earlier today with the rather lengthy moniker, “US Credit Markets: Recent Actions Regarding Government Sponsored Entities, Investment Banks and Other Financial Institutions“.














 

 















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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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