The old saying about how banks only loan money to people who don’t need it seems to be coming around again. This after the disaster that followed a policy of lending money, and lots of it, to people who really needed it but weren’t likely to pay it back.

But as often happens, it seems the pendulum has swung a bit too far.  Elizabeth Campbell of Bloomberg reports that Ben Bernanke, former Fed chairman and current high dollar speaker at events like one yesterday in Chicago where he: