Monday, November 24, 2008

Ben Bernanke Admits He was Wrong!

Ben Bernanke says that he was wrong and underestimated the impact of the mortgage fallout.

Ya think? There hasn't been a "wrong" that bad since the San Diego Chargers drafted Ryan Leaf with the number two pick of the 1998 NFL draft.

"I and others were mistaken early on in saying that the subprime crisis would be contained," Bernanke said in an article in the Dec. 1 issue of The New Yorker magazine.  "The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict," he said in the piece titled "Anatomy of a Meltdown."

You know, I may be alone here, but I think college professors should stay at college.  Enough with these folks sitting behind their ivory towers of education.  The real world differs from a text book.

Picture is of Giselle, San Diego Chargers cheerleaderGiselle’s rich culture has influenced her love of dance, Latin food and salsa and merengue music.