I just sat at my computer with my mouth open when she gae her speech yesterday. Who calls their husband a "spouse"? her speech was so Reno-esque it stunned me. The woman is incomprehensible. It's not enough that she has ZERO communication skills, but her speech read like it was written by a freshman economics student. Obama's "joke" was so lame, "Ummm, Mrs... Yellen... went on vacation... with a ... ummm... suitcase full of economics books", I cringed.
How is this woman going to react in times of stress? She's a joke. As usual, we have a person that's sypposedly running the worlds biggest bank, who flatly admits she doesn't understand MORTGAGES!!!!! This was what Bernanke said, when the fed released a statement saying he needed a "refresher course on subprime".
Like Obama, this is a person that will have to be continually propped up to make it appear as if she's actually qualified. Like Obama, this will work until an actual decision has to be made and like Obama, she will totally fall apart.
All she has to do is be available to read a prepared statement and pump money into the money center banks when the UBS/Rothschilds/HSBC calls. BBVA and SAN are the best performers in the sector for the last 2 days on the news.