Jim Bunning on Ben Bernanke:
Alan Greenspan refused to look for bubbles or try to do anything other than create them...
Under your watch, the Bernanke Put became a bailout for all large financial institutions...
But since then, you have decided that just about every large bank, investment bank, insurance company, and even some industrial companies are too big to fail. Rather than making management, shareholders, and debt holders feel the consequences of their risk-taking, you bailed them out. In short, you are the definition of moral hazard...
Even if all that were not true, the A.I.G. bailout alone is reason enough to send you back to Princeton...
From monetary policy to regulation, consumer protection, transparency, and independence, your time as Fed Chairman has been a failure...
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