Monday, January 4, 2010

Great quotes


"Importantly, we see no serious broad spillover to banks or thrift institutions from the problems in the subprime market. The troubled lenders, for the most part, have not been institutions with federally insured deposits."- Ben Bernanke, Chairman of the Federal Reserve. This in May 2007...

Fast forward to 2009... Bernanke named TIME's Man of The Year because "... his creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivaled power over our money, our jobs, our savings and our national future. The decisions he has made, and those he has yet to make, will shape the path of our prosperity, the direction of our politics and our relationship to the world..."

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