How many times can Bernanke to be wrong, let me count the ways?

So Bernanke told a group of teachers (reported by Bloomberg here) that student loan debt does not threaten the stability of economy or the financial system, because these loans are backed by the government. So, does this suggest that Bernanke thinks the U.S. government will grant loan forgiveness? Does Bernanke understand where money comes from or what it is? To live in work in investment business means you are going to be wrong. But, for a top official to say something like this is borderline reckless. To walk down memory lane, lets remember Bernanke's comments on the housing bubble/economy prior to 2008.

Just as a note, student loan debt is likely to be close to $950 million when the Fed reports the second quarter Quarterly Report on Household Debt and Credit. Total student loans outstanding totaled $902 million in the first quarter this year, up from $872 million in the fourth quarter of 2011. Student loan debt, as a percent of the GDP, has more than doubled from less 3% in the first quarter of 2005 to 6.7% currently.  Don't worry though, nothing to see here.