You’d be foolish to expect Bernanke, or anyone else in his position, to say anything else. Who would stand a chance of being confirmed by the U.S. Senate (going into an election year) after expressing belief in a catastrophic housing bubble? I’m going to guess that selling yourself after that admission would be like selling hot dogs at a PETA rally.
The Boy in the Big Housing Bubble
This quote was in reference to Nen Bernanke’s response to a Washington Post reporter asking if he believed there was a housing bubble. Bernanke replied that he did not believe so.
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