“I think there was a reasonably good chance that, barring stabilization of the financial system, that we could have gone into a 1930s-style depression,” he says now in an interview with USA TODAY. “The panic that hit us was enormous — I think the worst in U.S. history.”
If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Nov 10, 2007
23,416 Blog Posts
He never puked during his tenure
The doc’s about to raise the black flag on that bitch-ass Yellen.
I don’t know why everyone has to be so down on Yellen. Maybe she just figured that the stock market at its highs this year was overvalued, so we needed a correction before starting to skyrocket to new highs. And she can’t necessarily control all those Fed governors and what they say either. What’s she supposed to do? Shoot them?
It might turn out that she’s doing every bit as good a job as Benanke did. The market sure fell a lot further during Bernanke’s tenure before he found the way to turn it around. Perhaps Yellen will turn things around soon, both in the market & the economy. Why not give her a chance?
His book comes out on October 5th.
LOL!! and he left the ship before he could unwind it. Because he knows it cant be done. SMART!!
Never say never to the most powerful central bank on earth. It will bitch slap you every time.
so…I click on the EXODUS link and instead it shows me prices for the NYC event. um…okay.
Sorry about that. We’ll get it fixed.
Here it is https://exodus.ibankcoin.com/join
Can you change it back to the NYC event?
ALL he did was push the ‘total debt to GDP ratio’ to new highs. In other words, he blew a bigger bubble. Short-circuited the secular bear and initiated the cyclical bull of the last six years. I laugh with the gods at the timely re-emergence of his hubris. For the secular bear has returned, and this time, no bailout will be big enough to prevent the inevitable deflationary asset spiral.
Bernanke is Hungarian for MEGADOUCHE.
From the Atlantic 2012 cover shot “The Gambler who broke Atlantic City” caught my eye. They got the cover page title wrong, or did it on purpose to draw readers. Don Johnson is not a gambler. Interesting article..,.
http://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/308900/