Showing posts with label Contained. Show all posts
Showing posts with label Contained. Show all posts

Saturday, July 20, 2013

Bernanke Passes The Buck On "Contained" Student Debt

I've always said Fed Chairman Ben Bernanke has a track record of being wrong on 100% of his forecasts.  I could flip a coin and be right 50% of the time.  But one has to TRY to be wrong 100% of the time.  In other words, he's not incompetent.  He's a trained liar.

http://www.zerohedge.com/news/2013-07-18/bernanke-passes-buck-contained-student-debt
2007 - "The subprime mess is grave but largely contained" - Ben Bernanke

2013 - "The amount of US Student Debt is large, but not particularly likely to cause macro-economic instability." - Ben Bernanke