[quote=FlyerInHi]I like Bernanke. He’s an academic who’s focused on doing his job and he doesn’t seek out the limelight.
Greenspan and Summers socialize too much with the fatcats, it seems.[/quote]
I’m blah on Bernanke. He was REALLY asleep at the wheel just before and during the crises, IMHO. I still remember him making bonehead comments at the start of the crises when it was clear that things would turn out VERY bad.
It’s almost as if he thought if he kept repeating that things would be ok they would. That he could somehow wish things to normalize and they would. LOL. He pretended that housing wasn’t going to get as bad as he clearly knew it would. That’s the main thing I have against him.
I spent several years strongly criticizing the guy. He should have been upfront and honest and not been in denial or at the very least not told people that things weren’t as bad as they were.
Read some of his past comments right before the crash and even after the crash happened. Just obscene some of the comments/thinking/denial.
Goldspan got too caught up on the image of “Goldspan”. His problem is he started getting a God complex and thought he was more important and knew more than he did. Seeing himself on CNBC almost gave him instant “wood” and he probably fantasized about watching himself with that stupid briefcase.
He plays a HUGE role in the blame for housing and didn’t do what he should have to reign in oversight and leverage. He let things turn into the monstrosities of mass destruction and kept fighting in the need to reign in that leverage.
