Bernanke on Housing Bubble “It wasn’t me!”

This week there was a backlash in the press to Ben Bernanke’s recent statements about the housing bubble and interest rates. 

Wall Street Journal’s article Bernanke Challenged on Rates’ Role in Bust, covers his statements and analysis from leading national economists, including the following survey results:

Video Updates from WSJ.com News Hub:

At the end of the day, sounds like “spin” to lobby for his job.  For homeowners facing foreclosure who were sold unrealistic loans, his statements fall flat.

If I had to put a soundtrack to this blog post, it’d be the 10 year old irritating song that used to get played constantly on the radio (at least on Kauai) from Shaggy – It Wasn’t Me. Ever since I read the news this morning, this stupid song is stuck in my head!

Let’s put together our own poll.  Add your comments and vote here:

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About Susanna "Susie" Kunkel, RA

With a belief that life is too short to not follow your dreams, Susie and her daughter became new Kauai residents in less than 4 months after visiting for the first time in 2000. She brings a wealth of information from her background in administrative, contract and paralegal work in a variety of industries including technology, investment banking, biotech and estate planning. As a Realtor, Susies's tenacious and technical approach have earned her a large group of extremely loyal clients. Susanna is a steadfast believer in "The Golden Rule", and applies it to her approach as a Realtor. "Each client and each property are unique, so it's important to me to listen intently to what my clients' goals are, and to make sure I go above and beyond to help meet them."
This entry was posted in America's Credit Crisis, Housing market and tagged , , , , , , , . Bookmark the permalink.

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