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The Bernanke Slam Montage .....

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Apologies if this has been posted before.

Bernanke is an able scholar but he really doesn't have a clue about how markets and the real world work.

I find it interesting to see what people in current positions of influence predicted years earlier. He was completely wrong.

There are some real gems in here (house prices never go down!!).

In fairness to him, he did raise the issue of underwriting standards well before the problem was recognised in the mainstream but, as is now very clear, neither he nor anyone else did anything about it.

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