From Zero Hedge

Ben Bernanke FTMFW Quote Of The Day

Submitted by Tyler Durden on 02/10/2012 12:35 -0500

And the winner is…

• BERNANKE: HOUSING MAY NO LONGER BE VIEWED AS SECURE INVESTMENT

That’s right. He just said that. And with that, a Lewis Black moment is coming on…

He also said some other stuff.

• BERNANKE SAYS HOUSING IMPEDING FED EFFORT TO SPUR U.S. ECONOMY
• BERNANKE SAYS HOUSING SECTOR SUFFERS FROM `SERIOUS IMBALANCES’
• BERNANKE SAYS HOUSING IMPEDING FED EFFORT TO SPUR U.S. ECONOMY
• BERNANKE SPEAKS ABOUT HOUSING MARKETS IN ORLANDO, FLORIDA
• BERNANKE: TIGHT MORTGAGE CREDIT WON’T BE EASED QUICKLY, EASILY

As a reminder, shadow inventory is now at a record high. But Cramer just called the housing bottom. For the 7th time. For the masochists among our readers, his complete comments can be found here.

Thanks Bubblepedia!

In BUSINESS INSIDER the Huffington Post’s Dylan Ratigan says the only way out of the mess now is to write down, or write off, debt that CANNOT be repaid.  He’s right!