Bernanke Admits More Of His Mistakes

Tyler Durden's picture

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.