Bernanke says the economy is healing... either this whole meltdown was a farce or the miracle recovery is a farce, would someone point at something, anything, that has recovered? If we could just have the federal government print money to cure the economy, it would have been the automatic go-to long ago, we know that does not single handedly turn around a bad economy and especially one that has just incurred a global meltdown of financial services... so what gives? Either these banks faked the whole shabang or we have been asleep at the wheel for 100 years... just print money and everything clicks!
The banks rigged the great depression, rigging the great recession would have peanuts by comparison.... if that's all that happened. After all, what exactly is a "toxic" asset? Isn't that still real estate? It can't be that bad to be saddled with real estate in a heavily populated nation while the population is still growing. If you wanted to rig a financial meltdown, this is exactly the way you would want it to end... with long term assets on the balance sheet.