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Bernanke was in complete denial about looming crisis back in 2005-2007. These guys are payed to know before anyone else should know. To see and be able to plan for an emerging crisis and come up with ways to try and solve it. All of his solutions as you will see in this video were the same, to sit and to watch. And thats it!

Bernanke telling us not to worry about housing, mortgages, or car companies in the years before the recession, like denying a train wreck that is coming down the tracks:

YouTube - Bernanke in Denial 2005-2007