Bernanke: a fool or a liar?

AGA7d

http://seekingalpha.com/author/moon-kil-woong/comments

"Only a idiot would buy Bernanke's re-nomination argument. He has been wrong or a liar since he replaced Greenspan.

He did not see the housing bubble or its meltdown. He did not see the recession. He did not see subprime. He did not see high unemployment. He did not see unemployment rising above 9%. He did not see gold over $1,000. He did not see anything wrong with Greenspan until the public lambasted him. He did not see anything wrong with lowering interest rates below what Greenspan did. He dis not see anything wrong with AIG's derivative payout scheme to Goldman et al.

He does not see anything wrong with QE or backstopping bonds. He does not see that his actions are worse than Greenspan. He does not see new bubbles. He does not see that issuing zirp policies and then paying interest on deposits to the Federal Reserve gives free money to banks and encourages them not to lend. He does not see anything wrong with the Federal Reserve's balance sheet being 40-1 and possibly worse than Bear Stearns. He does not see anything wrong with extending AIG a credit facility with taxpayers on the hook for their bad behavior. Nor does he see anything wrong with buying up the garbage Fanie Mae and Freddie Mac issue or the banks he is endebted to.

In all, he does not think anything he does is not crooked or incorrect. I guess he got lessons about not apologizing for grievously wrong behavior from Gerorge Bush Jr. "

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I added the title. Also fixed typos.

源济

Both. But he had to, and will do so for sure.

soulvirus

不在其位不谋其政， 坐上去以后身不由己哈

coexist

he didn't see to intentionally ignore them?