Thursday, June 23, 2011

Bernanke Lies Half Life Reduced To Under One Day As Aflac Scrambling To Shore Up Liquidity On European Exposure

http://www.zerohedge.com/article/bernanke-lies-half-life-reduced-under-one-day-aflac-scrambling-shore-liquidity-european-expo
Yesterday during his press conference, the Chairman uttered his latest lie: "We have asked the banks to essentially do stress tests and ask, looking at all their positions, all their hedges, what would the effect on their capital be if -- if Greece defaulted...The answer is that the effects are very small.
This is the same Fed Chairman who said the subprime mortgage crisis would not spill over into the overall mortgage market, that housing was in fine shape, that the auto companies were fine, and that the economy was in great shape--in 2006.

In other words, if you still believe this pathological liar, you deserve to lose all your money.

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