Bernanke: Ignorant AND Jumpy
Just visit housingpanic to be kept up to date on how the SG unwinding prompted and/or fanned the flames the big selloff. Of course, that had nothing to do with Helicopter Ben's surprise rate cut. That decision came on the heels of new economic data that showed "downside risk" -- so those clowns at the Fed claimed in their press release.
Bernanke and Co. are starting to look not only ignorant and confused, but very, very dishonest.