Bernanke doesn't see shadow, NO MORE WINTER: Financial Crisis 'Largely Behind Us'...USA! USA! USA!

[Amerigo Vespucci]

Pictured above: Federal Reserve Chairman Ben Bernanke.

Bernanke: Financial Crisis 'Largely Behind Us'

DALLAS -- Weighing his words, Federal Reserve Chairman Ben Bernanke declared Wednesday that the crisis that had the nation's financial system teetering on the brink of collapse is "largely behind us."

Read the whole story: McClatchy http://www.mcclatchydc.com/2010/04/08/91805/bernanke-says-financial-crisis.html

http://www.huffingtonpost.com/2010/04/08/bernanke-financial-crisis_n_529939.html

[Renew Deal]

1. Are you rooting for the crisis to continue?

It sounds like it.

[Raineyb]

8. It looks like the OP is pointing out that someone is full of shit.

Are you trying to say that the people who were in charge when the shit hit the fan can be trusted to say with any accuracy that it's now "behind us?"

[ixion]

2. Helicopter Ben, delusional, as usual

no big surprise there. Why this idiot still has a job is beyond me.

[dixiegrrrrl]

6. You know why he has his job.

And it is paying off very well for those it pays off for.

Why he is allowed to continue to do it is beyond me.

Oh, yeah....cause it is paying off very well for those it pays off.

And the rule of law died some years ago.

[ixion]

9. Yeah, I do know...

and you're spot on.

[Speck Tater]

3. Hooray!

Now we can all resume borrowing more than we can afford to pay back so we can buy more cheep plastic crap from China. Since it worked so well in the past for U.S. citizens to go into debt in order to support a Communist government, we should definitely continue down the path.

( Just in case nobody noticed: :sarcasm: )

[90-percent]

4. Systemic Changes

There have been no changes to the systems, laws and regulations that create these bubbles in the first place.

That makes future economic collapses not a matter of "if", but a matter of "when".

And call me a cynic, but I bet the elites already have ways figured out to plunder even more middle class worth next time we have another collapsing economic bubble.

-90% jimmy

[Kurt_and_Hunter]

5. It is largely behind us

But that does not mean that we will return to the economic growth we enjoyed before the crisis.

It's like having a gangrenous leg. There is a crisis of infection. You cut off the leg. The infection crisis passes.

Given what we know it appears that the US economy will not die.

But that doesn't mean we are whole or even that we will be whole in the future.

[Amerigo Vespucci]

7. That's the point..."behind us" with no growth is kind of like "the dog will stop biting you now."

If it's not going to get worse, great. And from my standpoint, as a business owner in Silicon Valley, it's marginally better than it was from October to December of last year, but that also factors in the normal holiday slowdown. People are still extremely cautious about spending money, and spending decisions are still taking longer.

[Taitertots]

10. How is it behind us?

We didn't change any of the factors that caused the crisis. No one was held accountable in any way for their parts (bernanke especially). We have made no inroads into the health care crisis, two unfunded wars, off balance sheet transactions, or the excessively low interest rates.

[whattheidonot]

13. interests rates

with interests rates like these and no employment movement that says a lot. employees are not needed like they were before to keep companies going. The government has got to produce some customers somehow, someway or the whole thing is going to fall.

[Newest Reality]

11. What a relief to know

that it is behind them. Whew! Happy days are here again!

It is good to know that the many unemployed people I know can hope even more for jobs now. Those houses that have been sitting for sale everywhere will certainly be snatched-up soon, maybe by banks. All the states and municipalities should be seeing black on their balance sheets any day and they can paint all the red doors black. I'll bet that the commercial real estate loan sector will flower and bloom like a garden of delight, too.

If you aren't seeing the wonders to behold, then it is your fault because you didn't get the special glasses you have to wear to percieve it all in colorful, amazing 3D!

Oh ... sorry ... he's talking about the FINANCIAL SYSTEM club. DOH! They are doing great and they send you their fondest regards.

[99 Percent Sure]

12. +1