Update: Bernake says nothing.

Feb 24, 2009 by Sam

Bernake’ statement: “If actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability — and only if that is the case, in my view — there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.”

Talk about a worthless statement. That is like saying that ” The Lions will likely win the Superbowl if, and only if,  they win all their games during the regular season and if and only if,  have higher scores then each of their opponents in the playoffs” . There- let the media report that the Detroit lions are expected to win the Super Bowl.  This is nuts. How stupid can people be,