Then Sanders asked why the Fed does not provide low-interest loans to small businesses, to help kick-start the economy (see video here). He even threw out a number, $15 Trillion. Bernanke noted that the Fed has no structure to underwrite or service general loans to businesses. Sanders thought that this would be no different than offering back-stop liquidity to banks, oblivious to the insanely large amount of infrastructure needed for that to work.
That's just insanely ignorant, and highlights how the socialist mindset fails to appreciate the reasons why markets, and the firms that comprise them, are more efficient than government. It reminds me of Lenin's assumption that nationalizing industry would be trivial because business was strictly accounting, or more recently, the faith in shovel-ready projects. There are many stupid Republicans, but this really sets a new bar.