The Bailout Gravy Train is Over

Submitted by Phoenix Capital Research
09/28/2011 15:27 -0400

As I’ve noted in previous articles, Bernanke is finished as Fed Chairman and will be stepping down within 18 months.

The reason is simple: he’s become politically toxic (even Obama won’t be backing him) and will be facing legal troubles in the future.

Regarding the legal troubles, as the Great Crisis gets underway, the lawsuits are going to come fast and furious. We’ve already seen Goldman Sach’s CEO hire a defense attorney. A lot more of the big shots on Wall Street will be doing the same. And when push comes to shove in the courtroom, they’re going to pin their crimes (the ones committed during the 2008 collapse) on Bernanke with a “the Fed pressured me into doing it,â€