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Re: Jerry Olson post# 238435

Monday, 01/25/2010 9:10:02 AM

Monday, January 25, 2010 9:10:02 AM

Post# of 376163
Jerry I would have to disagree. I do not see much difference between Greenspan and Bernanke. Didn't Bernanke vote right along with Greenspan as Fed governor? Neither one can identify a bubble or how we get into one. If Bernanke was so smart why was he not sayiong more as the financial crisis developed?

I also totally disagree with their low, really low, interest rate policy. I think the low rates cause more harm than good. There should always be a cost to borrowing money and a reasonable return for the lender. In the home mortgage arena the low rates only give us higher prices that have to be reconciled to the down side when rates go up again.

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