Trichet Learns from Bernanke Mistakes

As the financial crisis brought about by sub-prime mortgages was gathering steam in late 2007, the markets looked to Ben Bernanke to supply the heroin to make the problems appear to go away and keep everyone calm and mellow, to which he graciously complied more or less. Investors are making similar calls of ECB President Jean-Claude Trichet to play the role of heroin dealer. Shockingly, Trichet is refusing and telling all manner of would-be junkies to get clean and sober. As we head into the teeth of this European debt crisis, we should feel very good about the presence of one Jean-Claude Trichet.