aig loan iq should facts should be added about aig loan in that the preceding days before this loan was arranged timothy geitner president of ny fed had announced and published in nyc newspapers that he would not make this loan as aig had been asking for a loan of billion from the fed res for a week and that public request resulted in the timonthy geitner refusal to loan aig anything then geitner paulson and bernake were all informed of the s of billions in mortgage insurance that aig had issued and also the trillions in derivatives insurance that aig had issued and informed of the further clear conclusions that without supporting the aig loan and allowing aig to fail this massive amount of market related insurance would cause a global market collapse this info did not come from aig but from private party to these three paulson bernanke and geitner who had no knowledge of aig's importance to markets and today making that aig loan is credited with saving the global markets from collapse but that occurred as just explained and not from any knowledge of bernanke paulson or geitner but from advice of outside party that reversed the already refusal by the fed to loan aig anything as announced publicly by gietner so that outside party is one who saved markets from collapse not geitner bernanke paulson this lack of market knowledge by all three paulson geitner and bernanke is important to understand in understanding depth of market understanding in current proposals to allow us treasury to dictate systemic risk decision when no one at the us treasury other than saying those words has shown any knowledge of markets to be able to determine what that is s harvey keitel markit bon vivant jr iq markets in the iq discussion in the article it is touted that the bernanke has a higher iq and that qualified him for his job also it has been mentioned that he is an expert in depression era events neither worked to have bernanke act appropriately in this global crisis which he bernanke caused via fighting the spike in oil and gold prices and his efforts directly caused this crisis so that with bernanke's higher iq did not have him perceive what he was doing would cause a near global market meltdown and his studies of the depression era did not clue him in not to cause nearly a depression s too true ioq ix demonizing wall street for us government caused crisis in the bubble all agree was caused by greenspan and in the huge push to give mortgages to those non qualified which all agree was caused by fannie mae etc and by congress this directly lead to the subprime debacle and beginning of the global crisis none of which was caused by wall street then in the fight by bernanke to stop the projected inflation caused by oil gold spikes his actions massively slammed the overall economy which was perking along just fine even with the subprime debaclev which was a smaller part of the usa trillion economy next massive jaw boning of the huge crisis was done by paulson to get funds and that caused the coup de grace the huge retrenchment of all spending by consumers all these events were not caused by wall street then paulson bernanke and later hugely obama and congress again and again bad mouthed again and again wall street claiming that this whole series of events was caused by wall street when it was mainly caused by the us governement and aided by consumer spending retrenchment but congres and the pundits caused the us population to believe the lie it was wall street's fault due to gambling all distortion destruction of capital formation and wall street one of the key features of bernanke's job in oversight for the usa economy is in also protecting capital formation and the engine of economic growth in the usa for years has been the usa efficient capital distribution to new ventures old ventures etc and the recent sequence of bad mouthing by all concerned of wall street publicly now and including esp the talking heads on cnn and esp cnbc has severely damaged that core of the reason for usa dominance and leadership for those years added to that huge destruction is the special refusal by all of the us government to identify and prosecute the huge fraudulent short selling of all major wall street firms and major usa banks which was fraudulent esp as done in a intentional and ever increasing crecend