patrick.net

Ready for a good laugh? Mish likes to make fun of people, just like so many others on this site.

"Bernanke: For many Americans, the financial crisis, and the recession it spawned, have been devastating -- jobs, homes, savings lost. Understandably, many people are calling for change.

Mish: Ben, the reason people are calling for a change is that you and the Fed wrecked the economy. You did not see a housing bubble, nor did you foresee a recession. I would also like to point out your selective memory loss about your role in bailouts. To refresh your memory, please refer to Bernanke Suffers From Selective Memory Loss; Paulson Calls Bank of America "Turd in the Punchbowl" for details."

Mish dissects Ben's Wall Street Journal editorial.

http://globaleconomicanalysis.blogspot.com/2009/11/ben-bernanke-pleads-for-his-job-my.html

Hope you have a good one.

#housing