Ya gotta give Bernanke credit for being THE most consistent clueless (or lying) Fed Politburo Head, ever.
For, as reported here:
…our own loveable, Pigman in Chief is now soothingly cooing that the U.S. bank’s:
TWO-HUNDRED BILLION DOLLAR
…exposure to the crippled ChozoZone banks is “manageable”.
Yeah, just like Bernanke was assuring Congress that “Subprime is contained” back in 2007, before that particular Ponzi scheme imploded…taking down Fannie/Freddie/FHLBs and every single Pigman financial gambler on the planet.
(Spock Conclusion): Well, it’s been EXACTLY three-years to the day since the GSEs imploded and I’m sorry to report that NOTHING has changed:
1. Same Alpha Thugs and Pigmen in charge
2. Same Ponzi Monetary System in operation
3. Same lies being told.
4. Same sheeple clueless as ever.
…so please forgive me if I remain a little cynical and bitter regarding the prospects of us EVER seeing meaningful reform to our political/economic system.