In making the selection, Time Magazine states: "The story of the year was a weak economy that could have been much, much weaker. Thank the man who runs the Federal Reserve." Wait one MINUTE! He is the one that help create the debacle in the first place. Let's also remember what Bernanke said in November 2007:
"There will be no recession"
"Subprime is contained"
"The fundamentals of the economy are strong."
This is one reason why I don't subscribe to Time.
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