Bernanke missed signs of crisisSubmitted by fishyculture on Sat, 01/19/2013 - 07:23
“I do not expect insolvency or near insolvency among major financial institutions,” Bernanke said at the Fed’s December 2007 meeting, as the economy was already starting to spiral into the Great Recession."
I mean, how could he have POSSIBLY known? It is not like there was a Congressman in his face badgering him about it....
Ben in 2002:
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again.