"The Fed Chief has been wrong on almost every major prophecy he’s given since he’s been in office. Just 4 years ago, Ben Bernanke predicted “a leveling out or a modest softening” in residential real estate prices and that homeowners were in “reasonably good”financial shape. Three years ago, Mr. Bernanke said the sub-prime mortgage crisis “seems likely to be contained.” Since then, we’ve had record foreclosures in the millions per year, and in some markets, home values have been cut in half!"
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