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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (543452)	1/13/2010 12:20:43 PM
From: tejek	Read Replies (1) \| Respond to of 1574705

So to blame Bernanke for not being clever enough to see it coming I think is a bit unfair. Plenty of people that I've been reading for years saw it coming. Paul Krugman, Dean Baker, Duncan Black... I thought so too... I wish I'd known how to short in 2007... It was possible to see this coming. Bernanke didn't see anything wrong. I'd love to put some people in charge that actually did see it coming. I am not sure what you and those guys thought you saw coming.....maybe the housing bubble. That was obvious. But no one of any import, including Krugman, saw the sleight of hand that was being played with housing and the extent to which it had been played. Since the 1929 crash, nothing has rocked American and European financial institutions this badly. The American economic system teetered on the brink of total collapse. I read Krugman too....if he saw what was happening, he didn't share it with his readers. Bernanke almost got knocked over by this stuff but managed to right himself and see us through it. I give the man credit for that....he deserves it. There was no rule book to follow....he was moving on the fly. And he pulled it off....thank God.