In “You probably don’t know who Bernanke is” news, the big homey Federal Reserve Chairman Ben Bernanke is back at it again, this time he’s telling the Financial Crisis Inquiry Commission – a panel investigating the financial crisis – that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.

Oh for real EbenGregory, sounds like it might get tricky again huh man?

Yes.

And now…here’s Federal Reserve Chairman Ben Bernanke to the Financial Crisis Inquiry Commission on why Big Brother might have to shut large institutions down: If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved. Too-big-to-fail financial institutions were both a source … of the crisis and among the primary impediments to policymakers’ efforts to contain it. We should not imagine … that it is possible to prevent all crises. To achieve both sustained growth and stability, we need to provide a framework which promotes the appropriate mix of prudence, risk-taking and innovation in our financial system.

I see said the blind man. And now…

Hit the jump to take the wool off your eyes a little bit more:

This is EbenGregory.com…telling you this is sh*t you need to know news.