Incompetent

Bernanke, the son of a pharmacist, was raised in the hamlet of Dillon. Explaining the bookishness which saw him achieve the top SAT score in the state at high school - 1,590 out of 1,600, he said: "We lived in a small town that didn't have a movie theatre."

Harvard beckoned, where he graduated with the highest honours. A PhD followed at MIT, where he was diverted from research into the Great Depression by another story of ill-fortune: the ability of his team, the Boston Red Sox, to snatch defeat from the jaws of victory.

He has 1590/1600 for his SAT score but doesn't know basic economics...only in A...... That gives you some idea how "difficult" the SAT's really are.

October 2005: There's No Housing Bubble to Go Bust

February 14, 2008 "To date, the largest economic effects of the financial turmoil appear to have been on the housing market, which, as you know, has deteriorated significantly over the past two years or so."


And of course, he had something to do with it: "Bernanke was nominated by President Bush and is expected to win easy Senate confirmation next month."(2006)