Janet Yellen said "I think we failed completely to understand the complexity of what the impact of a decline, a national decline in housing prices would be in the financial system." @ PoliticalQuotes.com

On the recordJuly 14, 2010

I think we failed completely to understand the complexity of what the impact of a decline, a national decline in housing prices would be in the financial system.

Said by

Janet Yellen

Democratic · California

Source

congress.gov

Editor's note · Context

Yellen admits failure to grasp the financial system's vulnerability to housing price declines.

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