Bernanke: "Government assistance should be offered with the greatest reluctance."

Now, how much do you want for those Compton area subprimes?

Later: "Lehman would've required a sizable injection of public funds...much larger than was the case with Bear. And would've involved the assumption of the tax payer of billions in expected losses...Neither the Treasury nor the Federal Reserve had the authority to commit public money in this way."

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