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(March 28, 2007) "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency." B Bernanke

I rest my case as to the incompetence of the so called 'expert' - he's just a GS lapdog doing the 'yes' job assigned, perhaps even enjoying his 15 mins of fame. Just more of Greenspans ethically dubious solutions to a simple problem - simply let the system purge naturally every now and then and we wouldn't be in this predicament?

So it was going into the abyss 5 years ago but now that they print money it won't? So that is the perpetual solution?

Again you are assuming - I never said the world is going to end did I? Although I'd be a tad annoyed if it did

Even optimists should practice pessimistic planning - you're going to need it.

<blockquote data-quote="Uncle Festivus" data-source="post: 773011" data-attributes="member: 6653">(March 28, 2007) &quot;At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.&quot; B BernankeI rest my case as to the incompetence of the so called &#039;expert&#039; - he&#039;s just a GS lapdog doing the &#039;yes&#039; job assigned, perhaps even enjoying his 15 mins of fame. Just more of Greenspans ethically dubious solutions to a simple problem - simply let the system purge naturally every now and then and we wouldn&#039;t be in this predicament?So it was going into the abyss 5 years ago but now that they print money it won&#039;t? So that is the perpetual solution?Again you are assuming - I never said the world is going to end did I? Although I&#039;d be a tad annoyed if it did <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink&nbsp; &nbsp; ;)" loading="lazy" data-shortname=";)" />Even optimists should practice pessimistic planning - you&#039;re going to need it.</blockquote>

[QUOTE="Uncle Festivus, post: 773011, member: 6653"] (March 28, 2007) "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency." B Bernanke I rest my case as to the incompetence of the so called 'expert' - he's just a GS lapdog doing the 'yes' job assigned, perhaps even enjoying his 15 mins of fame. Just more of Greenspans ethically dubious solutions to a simple problem - simply let the system purge naturally every now and then and we wouldn't be in this predicament? So it [I]was[/I] going into the abyss 5 years ago but now that they print money it won't? So that is the perpetual solution? Again you are assuming - I never said the world is going to end did I? Although I'd be a tad annoyed if it did ;) Even optimists should practice pessimistic planning - you're going to need it. [/QUOTE]

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