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12.05.2009

Bernanke sezs financial system likely to emerge healthier

From Bernanke's speech entitled The Recent Financial Turmoil and its Economic and Policy Consequences:

Rather than becoming more crisis-prone, the financial system is likely to emerge from this episode healthier and more stable than before.
Speech was presented on October 15,2007.

So the question is, within a year of that statement, under his watch, after the worst economic downturn since the Great Depression, coming within hours of having the global financial system completely stop, and after trillions of dollars opaquely thrown at big banks - should he get to keep his job?

Hat tip to the article at The Daily Beast for the link to this particular speech.

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