If you think Fed Chairman Ben Bernanke has a firm grasp of the economy, you may change your mind after listening to Bain Capital co-founder Coleman Andrews quoting Chairman Bernanke in the accompanying video.
Andrews cites three quotes that show The Fed czar was out of touch with economic reality during the run up to the Great Recession. And now, he asks, “would you trust your life-savings to an institution with that recent record of completely missing what happened in the housing sector and more broadly in the economy?”