Monday, January 4, 2010

Cheap money may not have been “The Problem”, but it must have helped!

Bernanke Says Regulation Came ‘Too Late’ to Curb Housing Bubble

Federal Reserve Chairman Ben S. Bernanke said low central bank interest rates didn’t cause the housing bubble of the past decade and that better regulation would have been more effective in curbing the boom.

Posted by karma4all @ 11:47 AM (757 views)
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3 thoughts on “Cheap money may not have been “The Problem”, but it must have helped!

  • This is Bernanke saying “You know how everyone’s blaming central banks? Well ummm … LOOK OVER THERE!”

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  • It was the cunning Asians, who “saved too much”.

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