Both Bernanke and Geithner have been in Senate hearings today. Bernanke said that the current and future fiscal stimulus packages are necessary. There was no choice but to bail AIG out. Geithner stated the obvious: more money will be going into future stimulus packages and bail-outs.
Meanwhile, Obama has made a statement that he isn’t bothered by stock market gyrations, to sharp criticism and concern that he doesn’t acknowledge or understand the consequences of trillions of dollars being wiped out. No kidding!