I thought you might enjoy this video of Ben Bernanke testifying before Congress yesterday. Good stuff! Also see a video of John Williams below. Do you agree with any of it?

As if we weren’t already worried about a recession. Yesterday Ben Bernanke made it clear to Congress that we are in an economic “freefall.” Joy. He even said that some of the smaller banks may fail (the large banks have bailout money and cash inflows from wealthy benefactors).
Don’t panic. Take a deep breath. And get your personal finances in order.