Bernanke said markets tend to "self correct"

Discussion in 'Wall St. News' started by S2007S, Sep 20, 2007.

  1. S2007S

    S2007S

    but said markets tend to "self correct"
    but said markets tend to "self correct"
    but said markets tend to "self correct"



    In his prepared testimony, Bernanke said subprime delinquencies will likely rise, but said markets tend to "self correct" and that the fin'l system is in a "relatively strong position." Bernanke clearly doesn't want Congress to pass a bunch of laws to try to solve the problems.
     
  2. HORSESHIT!!!

    Market's are prevented from "self correction" by constant intervention and money-pump by the Fed.

    They of course, WANT US TO BELIEVE what they say, but it's mostly a huge pack of lies. :(

    PBBV! (PLEASE bring back Volker!)
     
  3. gnomes right.

    Bernacke is a lying sack.

    See what he said to Paul "Inflation has been held at 2%...."

    BS.