October 11, 2013

THE COUNTRY’S IN THE VERY BEST OF HANDS: Fed Chair Nominee Janet Yellen:

“For my own part,” Ms. Yellen said, “I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.”

Well, okay then.