The pro-Fed Kochtopus is indeed either making excuses for the bailout or remaining silent. Most pathetically, the Cato Institute is planning a November conference on “Lessons from the Subprime Crisis” where the main “featured speakers” are three Fed bureaucrats, a European central bank bureaucrat, and monetarist Anna Schwartz (to make it look legit, I suppose). That’s twenty-six years in a row that Cato has held a monetary conference without inviting the most knowlegeable man in Washington on the subject, Congressman Ron Paul, to participate in any way.