FACT:
The October 2007 pre-crash TOP:
Behold the gurus of the financial world:
see below extract from post #6 of this thread
Morgan Stanley's other famous Hi-So gurus and fiends, Ben Bernanke & Henry Paulson from the October 2007 pre-CRASH top and their legendary anal-ysis:
June 20th, 2007 – Bernanke: The mortgage debacle “will not affect the economy overall.''
July 12th, 2007 – Paulson: "This is far and away the strongest global economy I've seen in my business lifetime."
August 1st, 2007 – Paulson: "I see the underlying economy as being very healthy,"
October 15th, 2007 – Bernanke: "It is not the responsibility of the Federal Reserve - nor would it be appropriate - to protect lenders and investors from the consequences of their financial decisions."
May 7, 2008 – Paulson: 'The worst is likely to be behind us . . . . ”
May 16th, 2008 – Paulson: "In my judgment, we are closer to the end of the market turmoil than the beginning."
July 16th, 2008 – Bernanke: On Freddie and Fannie: “They will make it through the storm”, "… in no danger of failing.","…adequately capitalized"
Only two months later both were nationalized.
February 14th, 2008 – Paulson: (the economy) "is fundamentally strong, diverse and resilient."
Gurus of the financial world and ET's gurus NEVER EVER see anything coming.
Read the quoted text a hundred times because those are all factual, cannot be twisted or altered, they're pure unadulterated truth with the date and time stamp on 'em.