Even with Ben Bernanke’s lousy track record as an economic forecaster there are still people suggesting the Fed should be in charge of watching out for systemic risk. Unbelievable…H/T: Option ARMageddon
over and over they said it wouldn’t happen….as it was happening….to give Ben credit he notes in one clip below (as chief of W’s Council of Economic Advisers, before he was head of the Fed) that he is ’sure’ the banking regulators are monitoring the underwriting of the loans..of course the unregulated brokers were not [...]
over and over they said it wouldn’t happen….as it was happening….to give Ben credit he notes in one clip below (as chief of W’s Council of Economic Advisers, before he was head of the Fed) that he is ’sure’ the banking regulators are monitoring the underwriting of the loans..of course the unregulated brokers were not [...]