It is actually quite amusing quoting people like Bernanke on what they have been says the last few years.
March 28th, 2007 – Ben Bernanke: "At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained,"
March 28th, 2007 – Ben Bernanke: "At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained,"
August 10th, 2008 – Paulson: ``We have no plans to insert money into either of those two institutions.” (Fannie Mae and Freddie Mac)
Those guys just keep saying everything is okay now and were going up, all the way down. How you could possibly think we're heading into a techno-utopia at this point is beyond me. I recently made the mistake of watching Barllet
http://www.youtube.com/view_play_list?p=6A1FD147A45EF50D I mean at this point all I can do is look at what AntiDoomer is claiming and say "that's just sad man."