Would You Trust Your Life Savings To This Man?

Tyler Durden's picture

Every now and then you get a glimpse. A vision of reality that confirms the surreality occurring all around us. This time it comes courtesy of Coleman Andrews, co-founder of Bain Capital, who asks bluntly how confident can investors be that this monetary program will have the effects that the Fed claims it will have? A look at what Fed Chairman Bernanke was saying in the run-up to the 2008 financial turmoil gives some insight into the Fed's record at predicting market outcomes. A must-watch 150 seconds today as it appears belief in Bernanke's omnipotence is back for a moment as he asks "would you trust your life-savings to an institution with that recent record of completely missing what happened in the housing sector and more broadly in the economy." Indeed...