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The Bernank Says He is Blameless for Global Financial Disruption
Federal Reserve policy isn't to blame for the steep inflation and other woes affecting developing nations, the central bank's chairman, Ben S. Bernanke, said Friday as he tried to rebut a rising chorus of criticism of the Fed's easy-money policies from abroad.On 27 March 2007, a few months before all hell broke loose, The Bernank testified before Congress that he thought the current problems in subprime home loans were 'contained'. He'll never live that down. Posted by: Anguper Hupomosing9418 2011-02-19 |
| http://www.rantburg.com/poparticle.php?ID=316391 |