Bernanke: Our Bailouts, QE Were Undertaken ‘with No Scandals, No Favoritism, No Errors’

EXCERPT:

BERNANKE: "And I want to -- I was going to say and I want to, you know, reiterate what Tim said about the quality of the bench and the quality people who are doing the analysis, because all of these -- we talk about all of these programs, and these complicated capital injections and stress test, these require dozens if not hundreds of, you know, people who understood the technicalities of banking regulation and supervision who are able to implement these programs successfully with no, as far as I can recall, no scandals, no, you know, no favoritism, no errors, nothing. It was just done extremely well. And the quality of the execution was actually a very important part of this."