NYT: Forget aloof, Bernanke goes barnstorming
Federal Reserve Chairman Ben Bernanke was in Kansas City on Sunday to take questions during an hour-long town hall forum.
One exchange, included in the article: When a small-business owner asked Mr. Bernanke why the Fed helped rescue big banks while “short-changing” small companies, Mr. Bernanke answered that he had decided to “hold my nose” because he was afraid the entire financial system would collapse.
“I’m as disgusted by it as you are,” he told the audience of 190 people. “Nothing made me more angry than having to intervene, particularly in a few cases where companies took wild bets.”