Harried Money Emperor Ben Bernanke testified in Congress again today about upcoming financial regulation measures and apparently pleased the Socialists by saying that increased transparency won’t do the trick — you have to straight-up ban certain financial instruments, starting with, say, the ones where lenders throw trillions of dollars of credit at random hobos without so much as even asking their names. Rep. Michele Bachmann was awarded some valuable questioning time during this taxpayer-funded government meeting, and got right to the heart of the matter: what are you going to do about ACORN, and is there going to be a New Global Currency that we’ll have to use by like tomorrow? Barney Frank and Ben Bernanke take these questions very seriously. [HuffPo, YouTube]

Riddle us this, finance experts: why would you go to all the trouble of (allegedly) forging a bunch of documents in order to get a $74 million loan and then repay the loan all quick-like once it became clear that Johnny Law was onto you? So much effort for a bunch of money you apparently didn’t need so badly anyway! MORE »

Eliot Spitzer has a great idea for making college more affordable! Ha, not really. But he has an idea about how we can make it possible for people to pay back their $160,000 loans from undergrad without ending up in debtor’s prison. MORE »

HILLARY CLINTON LOANED HERSELF $6.4 MILLION LAST MONTH: This is on top of the $5 million she lent herself earlier in the year. Guess it’s time for another book deal. [AP]