Bernanke Was Wrong

Bernanke telling us not to worry about housing, mortgages, or car companies in the years before the recession, like denying a train wreck that is coming down the tracks. Bernanke was chairman of President Bush's Council of Economic Advisers, and now as chairman of the Federal Reserve, he's the fourth most powerful person in the world according to Newsweek.

Category:

News & Politics

Tags:

• Ben
• Bernanke
• End
• the
• Fed
• Inflation
• Federal
• Reserve
• Housing
• Crash
• Subprime
• Mortgage
• Recession

[Tribefull]

He is either lying or stupid. And either way.......he's stupid.

[Badgerman7777]

How many greedy Jews do we have to have running our financial institutions?

[KazuyaDStrika]

FUCK. THIS. GUY!

[orangedac]

Bernanke has wrecked the US economy.

[emetts2112]

Central Banks have more power than a standing army. They need to end.

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see why this man should be president!

[norskemann1]

@roialblu yep your ego wouldnt allow you to attribute yourself any less than "tonnes" of literature to back up your "brilliance".

[roialblu]

@norskemann1 yes, I'm an economics troll with tonnes of literature to feed my trolling. Good day to you sir and I wish you the very best in your enlightenment.

[norskemann1]

@roialblu Are you the devils advocate??? please tell me what is your motive to speak on bernanke/greenspans behalf?? And how are they not to blame? it is on their command that inflation is rising. they called for QE. They are the ones who set interest rates low so ANYBODY could get a loan. And ANYBODY could get a loan because the GOVT wouldnt allow the banks to fail. You must be a troll sir

[roialblu]

@ditendo he didn't cause it. you need to look at the 1% of bankers who did all the dodgy stuff. look at some of the Bush policies too. The economic system in America is recovering from a shot gun blast to the heart (financial system), recovery is going to be slow coz money is what makes everything go round :) i know everyone wants to blame someone but unfortunately the blame is square on the men with no faces.

[roialblu]

@organicdudranch easy fella, you need to look at the whole American system and what it stands for.

[roialblu]

@12hkelly its not Bernanke, its the free market system that allowed bankers to approve bad loans and them sell them off. bankers were just making money from this without any gov oversight. Bush Admin wanted to get as many people into housing, this was there policy. we need to look a bit deeper.

[roialblu]

@jpfchi greenspan/bernanke are not to blame. its the 1% who made money out of approving all the bad loans. Come on, they let people who didn't have regular income to take out mortgages - that was a Bush Administration directive. Its important to dig deeper that just blame one guy. Its easy to say we know who was responsible, it was him, then we are supposed to all feel better because we got the guy but thats not the reality. The system in America drives this behaviour coz peeps wanna make money