Bernanke's Blah Blah Blah

Today's Q & A between the Joint Economic Committee and Ben Bernanke is a blah blah moment. While we're all horrified by the subprime mess, what do we expect Bernanke to do? For the most part these ridiculous loans and their predictable foreclosures were LEGAL. I don't know about you, but I've made a lot of stupid consumer mistakes. We may not like paying higher credit card interest rates because we can't pay our full bill, BUT, in the thousands of little letters on our bills, we're told that we're making a deal with the proverbial symbolic devil. Instead of focusing on the bad deal, focus, like NY's Andrew Cuomo on those whose greediness rose to the next level, and might have made ILLEGAL agreements. This is not a new story, just a new vehicle. Remember the dot com fiasco? (I've still got one of those now worthless stocks), unfortunately, I didn't get misinformation, or improper information, I just bought a bad stock, of course others, who relied on information that ended up being not only wrong, but knowingly wrong, were part of class action law suits, why? Because it was ILLEGAL. Bernanke's talking about better communication, better self-policing, better blah blah blah... well, it'll be awhile but now that subprime lending is dead, look out for the next product.