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Bernanke: I Was Wrong About Subprime Crisis
Newsmax.com ^
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Posted on 11/23/2008 3:32:59 PM PST by BuckeyeTexan
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To: CaliGangsta
Cramer has no idea either. Has he gone to rehab for his speed habit yet? Only explanation for his delusory advice.
21
posted on
11/23/2008 3:49:03 PM PST
by
IreneE
("The apprehension of beauty is the cure for apathy." - my paraphrase of Thomas Aquinas)
Comment #22 Removed by Moderator
To: BuckeyeTexan
Oh, brother.
Conservatives said "Buy American." The UAW took conservatives' money and used it to buy the presidency. No, thanks. Buy American-made Hondas and Toyotas.
23
posted on
11/23/2008 3:51:23 PM PST
by
fightinJAG
(TWO BIG BUSH TAX CUTS EXPIRE AT THE END OF 2008. Happy New Year, love, President Obama)
Comment #24 Removed by Moderator
To: BuckeyeTexan
Bernanke: I Was Wrong About Subprime Crisis
I remember reading a profile on Bernanke and how he'd been fascinated
by The Great Depression even from his childhood.
He'd heard his grandmother in Charlotte, NC talk about how "nobody
had any money" during the 1930s.
After reading the profile, I foolishly thought "well, maybe this
is the sort of financial guy that will really be on guard against
financial malfeasance that might start The Second Great Depression."
Shows what I know about economists.
25
posted on
11/23/2008 3:51:33 PM PST
by
VOA
To: BuckeyeTexan
Two people who were totally right about this whole thing for the past two years have been the most ridiculed people on FR: Ron Paul and Glenn Beck. Flame me too, it won’t change anything. We’ll have to cough up some XXX billion more dollars for my grandchildren and their children to pay off with hard labor. It won’t end until the entire financial/corporate market is under government control. And Lord knows how efficient and economical the feds are.
26
posted on
11/23/2008 3:52:27 PM PST
by
PistolPaknMama
(Al-Queda can recruit on college campuses but the US military can't! --FReeper airborne)
To: Shannon
Yes, if he had any shame, but I actually want him to stay and suffer and face the cameras, knowing that none of us believe anything he says.
27
posted on
11/23/2008 3:52:49 PM PST
by
SnarlinCubBear
(Obama - All ego and mouth - Dr. Thomas Sowell)
To: BuckeyeTexan
Paulson was the other parrot, repeating over and over that the crisis was contained, even though the market was clearly indicating otherwise at the time.
28
posted on
11/23/2008 3:53:30 PM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: BuckeyeTexan
OK, your profile page is just really really funny!
29
posted on
11/23/2008 3:54:26 PM PST
by
SnarlinCubBear
(Obama - All ego and mouth - Dr. Thomas Sowell)
To: FlingWingFlyer
EIGHT (Thats more than John McCain) properties that she acquired using these sub prime mortgages. I've heard a lot about this kind of thing going on -- anecdotal, but still too many times for it to be irrelevant. I suspect too many of the banks/mortgage lenders just threw caution to the wind -- I mean more than they had to, even looking down the barrel of the gun of the Clinton Justice Dept. Being a natural cynic (hey, I'm from MA!), I further think there was probably a lot of fraud and collusion between the mortgage companies and favored speculators taking gross advantage of the relaxed credit standards.
30
posted on
11/23/2008 3:54:57 PM PST
by
maryz
To: Shannon
>>> When a person make a mistake as huge as this, isnt he supposed to resign?
Call me old-fashioned, but I think the traditional Japanese method of suicide by disembowelment with a sword or dagger would be more appropriate!!!
31
posted on
11/23/2008 3:55:59 PM PST
by
BP2
(I think, therefore I'm a conservative)
To: CaliGangsta
Cramer: HE HAS NO IDEA. Is this the Cramer who said buy Bear Stearns. LOL -- he obviously had no idea either.
To: BuckeyeTexan
Idiot could have just read Willie Green’s posts, before he was banned.
33
posted on
11/23/2008 3:56:47 PM PST
by
jammer
To: Batrachian
I have a question. We’re told when the foreclosures started the value of these securities went down. Haven’ there always been foreclosures? Why was it so bad this time? Is it because the value of the property plummeted as well when during “regular” foreclosures the property value stays the same or appreciated. Am I correct?
34
posted on
11/23/2008 3:56:58 PM PST
by
Terry Mross
( It's just a matter of time before we're all 'GUILTY' of hate speech.)
To: BuckeyeTexan
“An ex is a has-been. And a spurt is a drip under pressure”
35
posted on
11/23/2008 3:57:59 PM PST
by
mo
To: VOA
When Bernanke used the Great Depression as a measuring stick to determine his impressions on where the market was heading nowadays, he failed to calculate a most crucial factor.
Back then, people were, for the most part, honorable.
Today, they are not.
36
posted on
11/23/2008 3:58:08 PM PST
by
airborne
To: maryz
37
posted on
11/23/2008 3:58:12 PM PST
by
FlingWingFlyer
(For more information on America's "new direction", read The Road to Serfdom. by Friedrich A. Hayek.)
To: BuckeyeTexan
Don’t hang Bernanke alone. Barney Frank has been quoted as saying he wants to “roll the dice” and allow these mortgages to go on, despite the warnings the GOP was giving in Congress at the time (2003?).
38
posted on
11/23/2008 3:58:25 PM PST
by
Teacher317
(Well, at least we know Obama isn't the anti-Christ. Satan would have more class.)
To: BuckeyeTexan
Bernanke, you’re doin’ a heck of a job.
39
posted on
11/23/2008 3:58:49 PM PST
by
kenth
(It's now spend and tax. How's that for change?)
To: staytrue
It is almost as if the Man upstairs is giving us one last warning about running a corrupt government.
40
posted on
11/23/2008 3:59:35 PM PST
by
B4Ranch
(("In politics, nothing happens by accident. If it happens, you can bet it was planned that way." FDR)
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