"I don't think we can prevent the kinds of waves of optimism and pessimism that pass over the market,'' Kohn said. "There will be future events. Our role as regulators is to try to make the system more resilient.''

FakeBen says: "What about the other side? Why make the system more resilient? Why not make it less vulnerable? Again, excessive credit created by artificially low interest rates caused this crisis. The answer is not to create more excessive credit and more resilience through more government guarantees and support. Does anyone at the Fed believe in free markets?"

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http://www.bloomberg.com/apps/news?pid=20601087&sid=ac5LB3Jb7nHk&refer=w... [1]