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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBernanke does it again!!!! " the Cyprus problem with "be contained" to Europe."
"The continuing Cyprus banking meltdown reverberating across the euro zone likely will be contained on that side of the Atlantic, Federal Reserve Chairman Ben Bernanke said Wednesday.
Mr. Bernanke is not seeing a major risk to the U.S. economy due to the crisis, he said at a press conference,
though he acknowledged Cyprus faces a difficult situation.
http://blogs.wsj.com/economics/2013/03/20/bernanke-doesnt-see-major-risk-from-cyprus/
remember when he said in July 07 that "the subprime crisis is contained"?????
and
" we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited,
http://www.forbes.com/2007/05/17/bernanke-subprime-speech-markets-equity-cx_er_0516markets02.html
Autumn
(45,120 posts)No trust in him at all.
The world banking system is in big trouble.
The dominoes WILL fall.
Newest Reality
(12,712 posts)has spoken.
Remember what happened with the Oz head?
Well, at least he is not asking us to get the Wicked Witch's broom.
pintobean
(18,101 posts)Marr
(20,317 posts)Guys like that can always be counted on to feed the public information that is 180 degrees wrong in situations like this.
dixiegrrrrl
(60,010 posts)Safetykitten
(5,162 posts)dixiegrrrrl
(60,010 posts)each member country has to accept IMF/Europe Central Bank rules, they are no longer sovereign over their own money, they all share the Euro.