Having over eight years’ worth of blog posts means all types of kooky things happen regularly – usually regarding comments left on old stories.
Yesterday’s comment-du-jour went back to June, 2011, which caused me to read a few other comments of the day.
Reader LM left this:
Bernanke live press conf: We have told the banks to handle their REOs…..long pause………..in an economy-supportive way.
Oops. We he was GOING to say was “we have told the banks not to flood the market with REOs.”
Here is the link to the actual speech, with Bernanke’s quote on the last page:
Let’s look back at the foreclosure history beginning in 2011. Sure enough, LM called it – foreclosures in California dropped off the table:
Thanks Uncle Ben – and rots of ruck to you!
The thing you have to get is that deflation is the one thing that both the “FED&State GOV” cannot afford, they have bills to pay !!
Once you get that, then you can see their logic.
No problem but if he or anyone is going to play by different rules then those rules should be changed legitimately and in public.
Has there ever been a time in America when the rule breakers enjoyed such advantage?
the real problems with the economy have not been addressed, only papered over to buy time.