Ben Bernanke on the housing bubble

http://www.businessweek.com/news/2010-01-04/bernanke-says-regulation-came-too-late-to-curb-housing-bubble.html

Federal Reserve Chairman Ben S. Bernanke said low central bank interest rates didn’t cause the housing bubble of the past decade and that better regulation would have been more effective in curbing the boom.

Stunning. This is the same guy who totally missed the bursting housing bubble. And now he's absolving himself of any blame.