Keyword: benbernanke

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  • Bernanke: Wall St execs should have gone to jail for crisis

    10/04/2015 2:44:39 PM PDT · by VinL · 26 replies
    Kans.City.com ^ | 10/4/15 | staff
    Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great Recession. Billions of dollars in fines have been levied against major banks and brokerage firms in the wake of the economic meltdown that was in large part triggered by reckless lending and shady securities dealings that blew up a housing bubble. But in an interview with USA Today published Sunday, Bernanke said he thinks that in addition to the corporations, individuals should have been held more accountable....
  • Al Qaeda Mag Urges Attack on Koch Brothers, Buffett, Bloomberg

    09/09/2015 8:05:16 PM PDT · by Jet Jaguar · 20 replies
    NBC ^ | Sept 9, 2015 | ROBERT WINDREM and TRACY CONNOR
    A notorious al Qaeda magazine is encouraging lone-wolf terrorist attacks on U.S. economic leaders, including Bill Gates, Michael Bloomberg and Warren Buffett. The list in Inspire magazine also included industrialist brothers Charles and David Koch, internet entrepreneur Larry Ellison, and casino magnate Sheldon Adelson. A prominent economist was also on the list but asked that his name be withheld. Federal Reserve chairman Ben Bernanke was named, though not Janet Yellen, who succeeded him. Also pictured was Jim Walton, one of the heirs to the Wal-Mart fortune, although he was misidentified in the caption as his late father, Sam Walton. Several...
  • Germany is feasting on the rest of Europe

    07/19/2015 3:08:56 PM PDT · by BlopAndStop · 35 replies
    Business Insider ^ | July 19, 2015 | Corey Stern
    The situation in Athens seems to have calmed down, but former Federal Reserve Chairman Ben Bernanke thinks Europe has an even bigger issue to worry about: Germany. In a blog post on Friday, Bernanke wrote that the failure of the eurozone as a whole is very much related to the "highly asymmetric outcomes" among member nations. In other words, Bernanke is attributing Europe's woes to the fact that countries like Germany are benefiting at the expense of the monetary union's weaker members, like Greece, Spain, and Italy. Bernanke points to unemployment rates as a clear sign of the disparity in...
  • John Galt Hates Ben Bernanke

    04/25/2015 10:24:41 PM PDT · by nickcarraway · 4 replies
    New York Times ^ | APRIL 3, 2015 | Paul Krugman
    Ah: I see that there was a Twitter exchange among Brad DeLong, James Pethokoukis, and others over why Republicans don’t acknowledge that Ben Bernanke helped the economy, and claim credit. Pethokoukis — who presumably gets to talk to quite a few Republicans from his perch at AEI — offers a fairly amazing explanation: B/c many view BB as enabling Obama’s spending and artificially propping up debt-heavy economy in need of Mellon-esque liquidation Yep: that dastardly Bernanke was preventing us from having a financial crisis, curse him. Actually, there’s a lot of evidence that this was an important part of the...
  • 175,846,629,768 Reasons Why Ben Bernanke Joined Citadel Hedge Fund

    04/16/2015 8:15:57 AM PDT · by SeekAndFind · 1 replies
    Zero Hedge ^ | 04/16/2015 | Tyler Durden
    No, that is not the number of hits his blog posts got, neither is that what Ben Bernanke will make as the most recent employee of Citadel (at least not for a few years until the the eponymously named helicopter makes a landing and hyperinflation runs wild).It is also not the assets under management held by HFT titan, and Bernanke's new employer, Citadel. As Citadel reminds us in its regulatory filing with the SEC, "as of December 31, 2014, in Funds managed on a discretionary basis, we had approximately $23,804,000,000 in net assets under management."Only.So what does the number...
  • Dodd-Frank Still Stalling Economy

    11/16/2014 7:52:14 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | November 16, 2014 | Bruce Bialosky
    If there ever was a doubt that Dodd-Frank had unintended consequences the announcement that Ben Bernanke was unable to refinance his home clenched that argument for good. We know Mr. Bernanke recently lost his job as Chairman of the Federal Reserve, but we can rest assured he is capable of getting another high paying position. If Bernanke has a problem refinancing than what will face Joan Miller is Elmira, New York?We recently discussed the state of the market with Richard Koevary. Koevary is President of Blue Sky Mortgage, Inc. in Arizona where he has been a licensed mortgage broker for...
  • Ben Bernanke can't refinance: Tough lending standards

    10/04/2014 12:08:44 PM PDT · by SeekAndFind · 20 replies
    Money ^ | 10/04/2014 | By Chris Isidore and Katie Lobosco
    <p>You want proof that it's tough to get a mortgage? Ben Bernanke, the nation's top central banker until the start of this year, is having trouble refinancing his home.</p> <p>Bernanke spoke of his problems during an appearance Thursday at a conference in Chicago hosted by the National Investment Center for Senior Housing and Care.</p>
  • Tight Credit? Why Ben Bernanke Couldn’t Refinance His Mortgage

    10/03/2014 12:28:19 PM PDT · by right-wing agnostic · 15 replies
    The Wall Street Journal ^ | October 2, 2014 | NICK TIMIRAOS
    Just how inflexible are lending standards these days? Ben Bernanke said at a conference Thursday that he’d been unable recently to refinance his mortgage. “It’s entirely possible” that lenders “may have gone a little bit too far on mortgage credit conditions,” he said at a conference in Chicago, according to Bloomberg News. But wait. Surely a man with high income, lots of equity in his home, good credit and a solid net worth must be able to get a mortgage. Mr. Bernanke stepped down as the chairman of the Federal Reserve in January and joined the Brookings Institution as a...
  • U.S. inequality is curable

    01/06/2014 9:27:56 AM PST · by MegaSilver · 42 replies
    Prudent Bear ^ | 6 January 2014 | Martin Hutchinson
    The Democrat playbook for 2014, we are told, intends to focus on U.S. inequality and to suggest that only redistributive taxation will solve or even alleviate it. Certainly it's possible to reduce inequality through punitive levels of taxation—at the cost of making everybody poorer. I thus thought it worthwhile to disentangle the current causes of U.S. inequality to see how we might alleviate it by raising the incomes of the poor rather than simply depressing those of the rich. With good policies, this could even provide general economic uplift rather than depression, which would happen with redistributive tax. The policy...
  • Paul Ryan's Democratic Opponent Is Alien Conspiracy Theorist, 9/11 Truther

    11/01/2013 12:25:31 PM PDT · by nickcarraway · 12 replies
    Mother Jones ^ | Thu Oct. 31, 2013 | atrick Caldwell
    Amardeep Kaleka produced and directed a documentary that claims September 11 was an inside job designed to distract the public from ET revelations.Proof of alien lifeScreenshot from Sirius trailer When 35-year-old Amardeep Kaleka recently declared his intention to run for the Democratic nomination to challenge Rep. Paul Ryan (R-Wis.) in 2014, most news coverage focused on one facet of his story: His father was one of the murder victims of the 2012 massacre at a Sikh temple in Oak Creek, Wisconsin. That murder convinced Kaleka to run as a Democrat and advocate for enhanced gun control. But during a recent...
  • End the Fed

    10/30/2013 4:17:24 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | October 30, 2013 | John Stossel
    I've always avoided reporting on the Federal Reserve. I know it's more important than much of the stuff I cover, but it's so boring. How can I succeed on TV reporting on the Fed? Fed chairs even work at being dull. Alan Greenspan said he tried to be obscure because he didn't want to spook markets. He called his obfuscation "Fedspeak." It's a far cry from the clarity of his language -- and principles -- when he was young and a disciple of libertarian Ayn Rand. Outgoing Fed Chairman Ben Bernanke and his likely successor, Janet Yellen, are almost as...
  • The Debt Ceiling Is Breaking Ben Bernanke's Heart (Tiny Violins Alert)

    10/09/2013 1:06:23 PM PDT · by mojito · 5 replies
    National Journal ^ | 10/9/2013 | Patrick Reis and Catherine Hollander
    Ben Bernanke has spent half of a decade trying to coax investors out of their post-recession bunkers. Now, Congress is set to once again send them running for cover. The country will default in the coming weeks unless lawmakers reach a debt ceiling deal, but just by coming close to the edge, Congress will pull markets in the exact opposite direction than the Federal Reserve has been trying to push them. Bernanke's bid to resuscitate the economy depends on two leaps of faith. Businesses need to have enough faith in the future to ask for the big loans they need...
  • Buffett lauds Bernanke but laments lack of investment bargains

    09/19/2013 3:39:19 PM PDT · by posterchild · 15 replies
    Reuters ^ | Arggg Sept 19, 2013 | Jonathan Stempel and Peter Rudegeair
    The billionaire investor spoke one day after the central bank surprised investors by postponing its expected wind-down of monetary stimulus, which has in five years more than tripled the Fed's balance sheet to above $3.6 trillion. "Since the panic of five years ago, he's done a terrific job," Buffett said on CNBC television in a joint interview with Brian Moynihan, chief executive of Bank of America Corp. Asked if he would reappoint Bernanke when his term expires, Buffett said: "That's what I would do." Nevertheless, at an event later Thursday afternoon at Georgetown University, Buffett said that the Fed's eventual...
  • What Ben Bernanke Won't Say: It's Over Obama

    07/17/2013 9:33:53 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | July 17, 2013 | John Ransom
    On June 17, Barack Obama had one of his most awesome reality TV events of the year when he fired central bank chairman Ben Bernanke on PBS with liberal mope and host Charlie Rose moderating. “He essentially fired Ben Bernanke on the spot and gave him a fairly tepid testimonial afterward,” said former Fed Governor Laurence Meyer, in an interview on CNBC the next day. And the bankers have been in revolt ever since.  The government, meanwhile, has revised the economy’s performance downward. The newest do-over by government economists comes three months after they gave the economy one of the...
  • Obama’s Revolting Bankers

    06/27/2013 8:55:37 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | June 27, 2013 | John Ransom
    On June 17, Barack Obama had one of his most awesome reality TV events of the year when he fired central bank chairman Ben Bernanke on PBS with liberal mope and host Charlie Rose moderating. “He essentially fired Ben Bernanke on the spot and gave him a fairly tepid testimonial afterward,” said former Fed Governor Laurence Meyer, in an interview on CNBC the next day. And the bankers have been in revolt ever since.  The government, meanwhile, has revised the economy’s performance downward. The newest do-over by government economists comes three months after they gave the economy one of the...
  • Fed Chair Bernanke to Princeton Grads: Meritocracy Doesn't 'Pass Ethical Muster'

    06/17/2013 8:14:04 AM PDT · by Rusty0604 · 39 replies
    Big Government ^ | 06/16/2013 | Ben Shapiro
    Speaking at the Princeton University graduation in June, Federal Reserve Chairman Ben Bernanke spelled out his political philosophy: from each according to his luck, to each according to his need. He explained that meritocracies were inherently unfair, and that those who were the luckiest needed to give back to society to make the concept of meritocracy work ethically.
  • Why A Cyprus-Like Seizure Of Your Money Could Happen Here

    04/08/2013 10:43:49 PM PDT · by Tolerance Sucks Rocks · 29 replies
    Forbes ^ | March 25, 2013 | Steve Forbes
    Don’t put it past our politicians to try it in a financial emergency. The breaking of contracts by the U.S. government, unfortunately, has happened before, and what’s under way in Cyprus shows that feckless politicos will continue to try such things. In 1933–34, amid the depths of the Great Depression, the U.S. government seized the American people’s gold holdings. From that point, until 1975, it was illegal for Americans to own gold, other than in some forms of jewelry or collectors’ coins. In the panic of the Depression years the courts upheld this unconstitutional confiscation. Yes, people received dollars in...
  • Bernanke: Get rid of the debt ceiling, it has no practical value

    01/15/2013 5:23:41 AM PST · by Sir Napsalot · 59 replies
    Washington Examiner ^ | January 14, 2013 | January 14, 2013
    Federal Reserve Chairman Ben Bernanke criticized the debt ceiling as an unusual device that can be used to prevent the United States from paying it’s bills, as he suggested that the country would be better off if the debt limit did not exist. “I think it would be a good thing if we didn’t have [the debt ceiling],” Bernanke told students at the University of Michigan today. “I don’t think that’s going to happen. I think it’s going to be around.” Those remarks put Bernanke in agreement with Treasury Secretary Tim Geithner, who has said that Congress should eliminate the...
  • Bernanke's Dustbin

    01/08/2013 1:11:46 PM PST · by Kaslin · 8 replies
    Townhall.com ^ | January 8, 2013 | Bill Tatro
    Let me see if I understand this correctly.  QE4 is announced and it was declared that bonds will be purchased for as long as the eye can see or until we achieve an unemployment rate of 6.5%.  Several weeks later, the majority of Federal Reserve officials announced that it would be “appropriate” to end QE4 prior to the end of 2013 or by the end of 2013.  So, what the heck happened to 6.5% unemployment?  The Fed, for almost 100-years, has operated with two mandated objectives, namely stable prices and full employment.  In order to achieve those goals, they can...
  • Need a Job? You May Have to Wait Until 2015 or Later, Says the Fed

    12/14/2012 7:09:52 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 14, 2012 | Donald Lambro
    WASHINGTON - Everything you ever wanted to know about the Obama economy is in a single sentence about the Federal Reserve Board's latest attempts this week to deal with unacceptably high unemployment. "Fed officials projected that the jobless rate, now at 7.7 percent, would not reach 6.5 percent until near the end of 2015 at the earliest," The Washington Post reported in its lead front page story Thursday morning. If there's anyone out there -- besides Barack Obama's top advisers and diehard allies in Congress -- who think his economic policies, or lack thereof, will restore a weak economy to...