While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Benjamin S. “Helicopter Ben” Bernanke, Chairman of the Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks, in testimony to the CONgressional financial crisis inquiry commission, offers conflicting testimony that “the too-big-to-fail problem must be solved.”  But then goes on to contradict that statement in the very same paragraph: “Few governments will accept devastating economic costs if a rescue can be conducted at a lesser cost. … Thus, a promise not to intervene in and of itself will not solve the problem.”  Bernanke further defends his decision not to bailout Lehman Brothers investment bank, which had asked for 60,000,000,000 “dollars,” as it “would have saddled the taxpayers with billions of dollars in losses.”  Yet Bernanke saw fit to bailout American International Group Inc., with 182,000,000,000 “dollars” in loans.

       [added 4/10/2022] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

1/11/2011                   7/12/2017

References:

Bernanke Shut down banks if they threaten system – Yahoo! Finance
finance.yahoo.com/news/Bernanke-Shut-down-banks-if-apf-572552694.html?x=0

FRB: Testimony–Chairman Ben S. Bernanke–September 2, 2010
www.federalreserve.gov/newsevents/testimony/bernanke20100902a.htm

Revisiting the Lehman Brothers Bailout That Never Was – The New York Times
www.nytimes.com/2014/09/30/business/revisiting-the-lehman-brothers-bailout-that-never-was.html

Current U.s. National Debt:

$36,167,124,467,492

Source