2012 Aug 23, 5:27am
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At least high school dropouts don't have $50-100k in student loan debt.
Bernanke circa 2007:
At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained
Bernanke circa 2012:
â€œI donâ€™t think itâ€™s a financial stability issue to the same extent that, say, mortgage debt was in the last crisis because most of it is held not by financial institutions but by the federal governmentâ€