Sternly Bashing the Bear Stearns Bailout

I find it interesting that some former senior people at the Fed are breaking the “code of silence.”  I don’t mean that those that leave the Fed go totally silent, but they are usually supportive of the current Fed if they speak.  Even Greenspan, who pushes his own legacy, is largely supportive of Bernanke.  But with Volcker speaking out, others are emboldened, like Vincent Reinhart.  I don’t know exactly what Reinhart said in his speech yesterday, but I would bet that it is similar to what he w