Wednesday, March 18, 2009

Top Down Confidence Building

Here is the CBS 60 Minutes interview with Ben Bernanke. It is an interesting attempt by Bernanke to come across as a "regular guy" and show his "confidence" in a recovery. The only problem: he's the guy who was at the helm when the ship hit the rock and he's the guy who minutes before the ship hit the rock told us that the problem was "constrained in the sub-prime mortgage market". I have a difficult time accepting this "make-over" version of Bernanke:

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