It should also be said that Bernanke implicitly acknowledged Tuesday the utter failure of his quantitative easing program.
But has journalism reached such a point of utter failure that we are ready to take these risks and hit the panic button?
Any fair assessment must conclude that, as measured by the anemic financial stability it has produced, the retirement planning industry is an utter failure.
Recognizing the utter failure, the California Department of Transportation and county governments have begun allowing solo drivers into diamond lanes during restricted hours .
FORBES: Diamond Lanes: Another Failed Energy / Environmental Policy
It was the utter failure of that incarnation of Current that prompted Gore and co-founder Joel Hyatt to put the thing up for sale.
Its communications director Harry Benson said they should "convince politicians of all colours of their utter failure to deal with the central social problem of our times".
While the California program is described as a three-year demonstration, it is hard to imagine an initiative this big ever fading away, unless it proves an utter failure.
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That dichotomy--startling success in a few isolated cases, utter failure in the vast majority--poses one of the toughest obstacles yet for drugmakers and regulators mired in the long and bleak struggle to cure cancer.
The screaming irony here is that despite the utter failure of existing regulations, the federal government, rather than acknowledging that regulators lack the ability to see into the future, continues to write more rules meant to empower the very bureaucrats who are always the last to reach every crime scene.
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Incredibly, it bears all the hallmarks of subprime with respect to a lack of transparency, a systematic failure to disclose and an utter absence of due diligence, good governance and accountability.
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