1.5.10
Federal Reserve Board Chairman Ben Bernanke really hit bottom with this claim:
“Low rates didn’t cause US housing bubble” – See Bloomberg video HERE
I think now that people (such as Bill Fleckenstein with his thoroughly written “Greenspan’s Bubbles – The Age of Ignorance at the Federal Reserve”) are lining up against reckless Fed monetary policy and educating the public about the dangers of the Fed to the stability of our currency, Bernanke is trying to circle the wagons and make claims that are obviously attempts to divert blame and cover his rear. So sad…
