Had he done so, the banks would not have collapsed, investors would have not lost most of their retirements and created the panic it did.
The damage that this idiot has done is way beyond mere corrections by raising interest rates. Keynesian economics has been implemented in levels never before seen in human history. The ensuing mess this has created is beyond comprehension. There is now no simple tactic or strategy known to man that can fix this now..........
We are in trouble financially but I’m just tuning out the bloviation. Thanks Lori for the great job of pulling these analysis into FReep. IMO Bernake will go down with the ship before the prick will admit he is wrong....I am so disgusted with this that I have quit reading sites like Denninger, who is a bright & knowledgeable guy but full of himself to the point of obnoxiousness + he is a bit of a LeftyTarian big mouth.