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General Electric Company Message Board

  • doely_1 doely_1 Nov 14, 2013 1:58 PM Flag


    In a glowing endorsement, President Obama praised Yellen’s keen understanding of the markets and her ability to call it as she see’s it. He said:

    “Janet is renowned for her good judgment. She sounded the alarm early about the housing bubble, about excesses in the financial sector and about risk of a major recession.”

    In testimony to a congressional committee in 2010, Yellen said the following:

    “For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system... I didn't see any of that coming until it happened.”

    Does this mean President Obama lied?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Shes a stooge for Easy Money...without it we all know where this Economy would be. Next time the Markets go into a downturn all kinds of s--t is gonna hit the fan. Its gonna make the shysters on Wall Street that gamed the Housing Market look like choir boys.

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