'Ben Bernanke has been a hero.'
How the top .0001% think - courtesy of David Rubenstein.
(Bloomberg) -- David Rubenstein, co-founder of The Carlyle Group talks about the Fed, economy, interest rates, QE and more.
Rubenstein and Carlyle are perfect examples of billionaire bondholders who were bailed out by TARP and the Fed's ongoing Wall Street triage when insolvent financial institutions were not allowed to fail and institutional investors who owned the bonds of Wall Street's walking dead were made whole.
Daniel Hannan explains how it happened quite brilliantly.