Yesterday’s report by the Congressional Oversight Panel on the bailouts concludes that banks remain threatened by billions of dollars of bad loans on their balance sheets, and more could fail if the economy worsens, and that – if unemployment rises sha…
Posts Tagged ‘bernanke’
Even Bernanke Admits this Could be Worse than the Great Depression
July 29th, 2009 |
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As I have previously pointed out, the current economic crisis could be worse than the Great Depression. See this and this.I have also pointed out that two economists said as recently as June that the global economic downturn was worse than the Great D…
Even Bernanke Admits this Could be Worse than the Great Depression
July 29th, 2009 |
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As I have previously pointed out, the current economic crisis could be worse than the Great Depression. See this and this.I have also pointed out that two economists said as recently as June that the global economic downturn was worse than the Great D…
Bernanke’s Own Finances Dipped In 2008
July 29th, 2009 |
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WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke was among the many Americans whose finances took a sharp hit in 2008, according to disclosure forms released by the central bank on Tuesday.
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Bernanke: “I Had To Hold My Nose” Over Bailouts
July 27th, 2009 |
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WASHINGTON — Federal Reserve Chairman Ben Bernanke said Sunday that he had to “hold my nose” over last year’s taxpayer-financed bailouts of big financial companies but argued that the action had to be taken to avoid a major meltdown of t…
Bernanke: Jobless Rate To Stay High Even In Recovery
July 27th, 2009 |
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The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday.
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Nouriel Roubini: Why Bernanke Deserves To Be Reappointed
July 26th, 2009 |
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LAST week Ben Bernanke appeared before Congress, setting off a discussion over whether the president should reappoint him as chairman of the Federal Reserve when his term ends next January. Mr. Bernanke deserves to be reappointed. Both the con…
Sheldon Filger: Bernanke to Congress: I Don’t Know to Whom We Gave Half a Trillion Dollars
July 23rd, 2009 |
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The Fed and its chairman have made many errors in judgment, not the least their overly-optimistic pronouncements when the first tremors from the sub-prime meltdown arose.
Its Official: U.S. Trapped in an Extended Deflationary Cycle
July 22nd, 2009 |
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Bernanke has just confirmed that the Fed’s prediction is for extended deflation.In an OpEd in the Wall Street Journal, Bernanke writes:My colleagues and I believe that accommodative policies will likely be warranted for an extended period. At some poin…
Bernanke To Congress: Fed Has Exit Strategy
July 21st, 2009 |
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WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke sought to assure Wall Street and Congress Tuesday that the U.S. central bank will be able to reel in its extraordinary economic stimulus and prevent a flare up of inflation when the reco…
Bernanke Fends Off Calls To Tame The Fed
July 21st, 2009 |
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Federal Reserve Chairman Ben Bernanke helped steer the economy away from what he calls “Depression 2.0.” Now he’s trying to defend the Fed itself.
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The Bernanke Market: Andy Kessler’s WSJ Op-Ed
July 15th, 2009 |
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Just about every policy move to right the U.S. economy after the subprime sinking of the banking system has been a bust. We saved Bear Stearns. We let Lehman Brothers go. We forced Merrill Lynch, Wachovia and Washington Mutual into the hands o…