Bernanke: I Was Wrong About Subprime Crisis

Newsmax.com ^ | 11/232008

[DuncanWaring]

Ping.

[Thumper1960]

When a person make a “mistake” as huge as this, isn’t he supposed to resign?

Lucky for Bernanke, we don't expect them to commit suicide to save face or execute them for embarrassing the State.

[M. Espinola]

The banking dominoes continue falling .....

How Many US Banks Will Fail? A Bailout Stretching To Infinity

[Swing_Thought]

I guess my attempt at sarcasm wasn’t that obvious.

The US monetary system doesn’t resemble true capitalism in the least, of course. But of course capitalism takes the blame.

[dennisw]

Hey, I mostly agreed with you. Blame the Wall St anarchists who are actually liberal Democrats. Their donations to Hillary and Obama were through the roof.

Bush’s biggest crime was not to reign in these madmen
But George Bush has the same moronic belief in unregulated markets as Chris Cox. Strictly hands off because “free markets” can solve everything

[Alia]

Back then, people were, for the most part, honorable. Today, they are not.

That, right there, is the variable which made matters worse.

"Who Let the Dog Out, woot, woot".

[ex-Texan]

Asian Stocks Lower Despite U.S. Bailout Plan for Banking Giant

It appears to me that Asians are far brighter than Europeans. Just my opinion. But stock markets are going up in Europe right now. Don't people understand they are being manipulated ___________________ ?

Builderberger/ Insider: 'I think we ought to crash world stock markets and flood the world with trillions in U.S. paper money. We can make hundreds of billions over night. Easy as pie. It's cool to make money this way. Easy as falling off a dead stump.'

Outsider: 'I'm glad there are professionals in charge of running our economy. Hey Mr. Realtor, do you think its a good time to buy that $ 700,000 house my wife wants? We just refinanced our old home and bought that Cadillac SUV'

Realtors/ Mortgage Lenders: 'Buy, Buy, Buy!'

CFR / D.C. Insiders/ Central Bankers: 'We were invited to the Bohemian Grove Owl Worship festival in California. We feel so honored and happy. Rubbing shoulders with organized child molesters and Satanists is so very liberating. We are safe and secure in our homes today thanks to our govt jobs, insider information and good connections. We are lucky because we make our own luck.'

Builderbergers: 'Sell, Sell, Sell! Now all we have to do is tell the politcos in D.C. to print $$$$ Trillions. They are all in our pockets. We can easily buy up entire nations for pennies in 2011.'

[ex-Texan]

Outsider: 'What's all this B.S. about Owl Worship ________ ?'

[dennisw]

David Letterman should invite you on

[eleni121]

Disgusting. I have yet to see anyone get indicted. There are criminals walking around sipping cocktails in their swanky estates who are responsible for this debacle.

This nation has been reduced to third world energy dependent debtor nation status...

[supercat]

"I and others were mistaken early on in saying that the subprime crisis would be contained,"

The way to contain a crisis is to contain it, not shovel money in.

[EVO X]

I guess my attempt at sarcasm wasn’t that obvious.

Usually I am fairly good at catching it. Guess I got tired from freepin all day..

[roses of sharon]

But David Brooks told us that we must be ruled by only the educated:

“This truly will be an administration that looks like America, or at least that slice of America that got double 800s on their SATs. Even more than past administrations, this will be a valedictocracy — rule by those who graduate first in their high school classes. If a foreign enemy attacks the United States during the Harvard-Yale game any time over the next four years....”

Bernanke Bio:

Bernanke attended Dillon High School, where he was class valedictorian. Bernanke also taught himself calculus, edited the school newspaper, and achieved a near-perfect SAT score of 1590 out of 1600.

Bernanke spent his undergraduate years at Harvard University.

[Freedom_Is_Not_Free]

Years ago, some Freepers tried to tell me that the US is lead, not by a President or by Congress, but by the New York Fed. I didn't believe them... until now. Everybody involved in this has tentacles into either the New York Fed or Goldman Sachs. Simply incredible.