ECONOMIST: Bernanke Is Going To End Up Bailing Out All Of Europe

[Fire Walk With Me]

http://www.businessinsider.com/economists-ben-bernanke-is-going-to-bail-out-europe-2011-11

Simone Foxman | Nov. 21, 2011, 11:44 AM

Federal Reserve Chairman Ben Bernanke's apologetic take on the Fed's negative role in causing the Great Depression may translate into a willingness to bail out Europe, writes economics blogger James Pethokoukis.

Bernanke will not be willing to let the European Central Bank's ineffectiveness infect U.S. banks and destroy the global economy.

He points to statements from well-known independent economist Ed Yardeni to elaborate on that idea...

[truedelphi]

1. Only one reply that has any meaning -

OCCUPY!

[unblock]

2. bernanke already has helped out europe's banks considerably

you think only u.s. banks can take advantage of the easy money here?

truth be told, much of the lending in the u.s., in u.s. dollars, to u.s. companies is actually being done by european banks.