Bernanke Admits More Of His Mistakes
On the heels of yesterday's confessions (as we detailed here), ex-Fed chair Ben Bernanke continues his contrition:
- *BERNANKE SAYS HE UNDERESTIMATED IMPACT OF SUBPRIME PROBLEM
- *BERNANKE SAYS HE THOUGHT SLOWDOWN WOULD BE 'MODERATE'
But apart from that, "nailed it." What a great way to earn $250,000 per appearance (a year's Fed salary): by admitting your mistakes destroyed the middle class.
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