Federal Reserve

US files civil, not criminal, charges against Bank of America for defrauding investors. Assuming the government wins the case, which I'm sure it will, BofA will still end up making money off the fraud.

Another person besides me suspects Bernanke knows the extent of the damage he's done.

"Ben Bernanke impresses me as a man who may yet become Buchanan. He may not get out with his reputation intact. At best, he will achieve a kind of Coolidge legacy, but only by tripling the monetary base, 2008-today. He was the wonder boy. He is trying to get out as fast as he can. ... The economy has sustained its worst performance since the Great Depression. He has been in charge the entire time.
He is trying to get out with his reputation intact. He is likely to make it, and whoever follows him will likely not make it."

I hope he doesn't make it for two reason. First, the longer we go without a collapse, the worse the collapse will me. Second, he deserves to get the blame.