Pusillanimous Powell Channels Bernanke: “Subprime Debt Is Contained”

Powell Channels Bernanke: ‘Subprime Debt Is Contained’.

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Pusillanimous Powell Channels Bernanke: "Subprime Debt Is Contained" It was interesting to see Federal Reserve Chairman Jerome Powell, during an address to the Fernandina Beach banking conference, channel Ben Bernanke during his speech on corporate "sub-prime" debt (aka leverage loans.) "Many commentators have observed with a sense.

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What I find most fascinating is how quickly many dismiss the issue of corporate debt with the simple assumption of "it’s not the subprime mortgage market.". A "corporate debt bust" will impact a much broader spectrum of companies which will lead to a surge in bankruptcies, mass job losses.

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 · One of the greatest Fed gaffes in history was former Fed Chair Ben Bernanke’s 2007 claim that the subprime meltdown was “contained” and would not “seriously hurt the economy.” What followed was the 2008-Crisis. the largest, most systemic crisis in 80 years. Fast forward to today, and this time around fed chair jerome powell seems [.]

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