“We will follow developments in the subprime market closely. However, fundamental factors—including solid growth in incomes and relatively low mortgage rates—should ultimately support the demand for housing, and at this point, the troubles in the subprime sector seem unlikely to seriously spill over to the broader economy or the financial system.”
—June 5, 2007
ben bernanke
regarding prior threads on tarp; look, bernanke is clearly either lying to us or he’s not very good at his job. i think at this point I prefer the lying to us option, perhaps to keep us all calm as the world as we know it implodes?
but what gives. who can seriously say this guy is on top of it?
We are so used to a steady fire-hosing of kool-aid, I think our heads would explode with just a little truth.
This clown has a whole string of brilliant forecasts and the sad thing is I think were getting played. But honestly it’s a little more politically palletable than “You’re all freaking doomed!”
And as things get worse they will up the dosage of kool-aide.
We’ve crossed the Rubicon and landed in crazytown!
We are so used to a steady fire-hosing of kool-aid, I think our heads would explode with just a little truth.
This clown has a whole string of brilliant forecasts and the sad thing is I think were getting played. But honestly it’s a little more politically palletable than “You’re all freaking doomed!”
And as things get worse they will up the dosage of kool-aide.
We’ve crossed the Rubicon and landed in crazytown!
We are so used to a steady fire-hosing of kool-aid, I think our heads would explode with just a little truth.
This clown has a whole string of brilliant forecasts and the sad thing is I think were getting played. But honestly it’s a little more politically palletable than “You’re all freaking doomed!”
And as things get worse they will up the dosage of kool-aide.
We’ve crossed the Rubicon and landed in crazytown!
We are so used to a steady fire-hosing of kool-aid, I think our heads would explode with just a little truth.
This clown has a whole string of brilliant forecasts and the sad thing is I think were getting played. But honestly it’s a little more politically palletable than “You’re all freaking doomed!”
And as things get worse they will up the dosage of kool-aide.
We’ve crossed the Rubicon and landed in crazytown!
We are so used to a steady fire-hosing of kool-aid, I think our heads would explode with just a little truth.
This clown has a whole string of brilliant forecasts and the sad thing is I think were getting played. But honestly it’s a little more politically palletable than “You’re all freaking doomed!”
And as things get worse they will up the dosage of kool-aide.
We’ve crossed the Rubicon and landed in crazytown!
