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Federal Reserves credibility blown to pieces by Former Fed Chair Ben Bernanke freudian slip?

 
Anonymous Coward
User ID: 78870867
United States
04/20/2021 07:18 PM
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Federal Reserves credibility blown to pieces by Former Fed Chair Ben Bernanke freudian slip?
Peter Schiff blows apart Fed doublespeak
Hint: its all lies!

Bernanke recently did an interview and the interviewer played clips of some of the things Bernanke said back in the run-up to the 2008 financial crisis, specifically about the problems in the subprime mortgage market being transitory and of no real threat to the broader economy.

Bernanke admitted that he wasn’t speaking truthfully at the time, claiming he couldn’t speak honestly because he was part of “the administration” and he had to toe the company line. As Peter put it, this was basically an admission that he lied when he told the nation there was nothing to worry about and that subprime was contained.....


Has Ben Bernanke Ever Told The Truth?






ZH link

[link to www.zerohedge.com (secure)]
Anonymous Coward
User ID: 79000211
Canada
04/20/2021 09:33 PM
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Re: Federal Reserves credibility blown to pieces by Former Fed Chair Ben Bernanke freudian slip?
So much for the farce that is Fed independence.

Fed needs to be audited ASAP!

bump
Anonymous Coward
User ID: 79000211
Canada
04/20/2021 09:53 PM
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Re: Federal Reserves credibility blown to pieces by Former Fed Chair Ben Bernanke freudian slip?
Anybody who lost because of subprime should unite and file class action against the FED given the new evidentiary findings





GLP