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I still remember Bernanke’s pronouncements before the 2008 crash that everything is just fine. It’s hard to not conclude that they either aren’t very competent
by spaetzleesser 5y ago
I still remember Bernanke’s pronouncements before the 2008 crash that everything is just fine. It’s hard to not conclude that they either aren’t very competent or are playing political games.
- JumpCrisscross 5y ago> remember Bernanke’s pronouncements before the 2008 crash that everything is just fine The Fed chair saying "we're fucked" is, on its own, enough to cause a credit crisis. (This is why the Fed doesn't tend to make blanket forward-looking statements like "everything is just fine.")
- deleted 5y ago[deleted]
- spaetzleesser 5y agoI am not aware of them silently doing something about the mortgage bubble either.