Home -> Law Blog Directory -> Criminal Law Blogs -> Crime & Federalism

Criminal Law

: Crime & Federalism

In Praise of Elitism

Guess who said this: ?"All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system." Here's a hint: He said this in 2007.  Need another hint?  He was nominated to his position by former President George W. Bush.  Still unsure?  He was re-confirmed, over a year after making the above statement, by President Barack "Change" Obama. The answer is current Chairman of the Federal Reserve, Ben Bernanke. When you hear about quantitative easing on the news, remember that QE is Ben Bernanke's idea...continue to full post

Full post as published by Crime & Federalism on November 14, 2010 (boomark / email).