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On June 3, 2008, US Federal Reserve chairman Ben Bernanke gave a long-winded spiel on why the Chinese are to blame for everything that’s gone wrong in the markets for the last 10 months. Commentator Mike Whitney asks: “But is it true?”

He’s at it again. Bernanke, that is. On June 3, 2008, the Fed chief delivered a rambling 45-minute speech at the International Monetary Conference in Barcelona, Spain laying out all the reasons why the Federal Reserve is NOT responsible for the present crisis in the financial markets.

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