Bernanke says overconfidence caused financial crisis

GIH: The ex-Fed chairman Ben Bernanke says that ‘overconfidence’ created the financial crisis.  As any Fed Chair, has he become victim of his own Fedspeak training?  Isn’t confidence good for markets, and fear is bad?  Don’t we worry the investors will have ‘fears’ and depart markets, and spend significant efforts to restore their confidence? From […]