thannagan

Why Congress Is Asking Bernanke Bogus Questions

The only thing keeping BAC and their poor shareholders afloat was the government funding and guarantees. Otherwise they were gone, with or without Merrill. Lewis had slready broken BAC and given up his soul to the government. The government herded Merrill into a safe harbor, housing it in their ward, BAC. Lewis had nothing to say and no leg to stand on in the situation, which he created for himself by his prior decisions and governance.

Of course, Congress and White House are always, and only and all, about politics. It was pretty clear in Bernake's expressions what he would have liked to have responded to the idiots questioning him.