Would someone in the “real” media please ask Bernanke or Paulson or Bush or Dodd or Frank or any other person in power these questions?

Sir/Madam:  You keep saying we had no choice but to do this bailout to avoid a cataclysmic meltdown of the global financial system.   Don’t just make a vague reference to a “meltdown”.  In great detail, please explain exactly what you mean by this?  What would happen exactly?  What would be the series of events?  Who would be involved?  Who would get hurt?  What would happen to the average person who is paying for these bailouts?

I am confident this kind of questioning will not be likely.  And if it is, they won’t answer it because they might either scare the very markets they say they are protecting or it might show they have no fucking clue what the risks are or it might show that they know where the risks are but they don’t want to go on record and have to explain what they didn’t do in the past to prevent it or what they did in the past to create this mess or what they will not do to prevent another “meltdown.”

Instead, we just get these wonderful statements from the politicians telling us how they just protected us from “a crisis” that was just about to happen.   Feel better?

We have two choices:

1. Don’t ask questions.  Accept vague answers.  Accept it when they say “no comment”. Just trust them.
2. Ask tough questions.  Hold them accountable for telling the whole truth.