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'Helicopter Ben' Reborn as 'Banana Ben' Bernanke
Ben Bernanke earned the nickname "Helicopter Ben" for comments he made in a November 2002 speech, Deflation: Making Sure "It" Doesn't Happen Here, delivered at the National Economists Club in Washington, D.C. More... Fed Chief Bernanke Sees End to Recession
"Federal Reserve Chairman Ben Bernanke says he thinks the recession will probably be over by the end of this year but he still sees a risk there is not enough political will to stabilize the banking and financial...
created by Blaine Metzgar | 4 years ago | updated 4 years ago
171 views | 0 recommendations | 2 comments
171 views | 0 recommendations | 2 comments
Americans may be sleep walking into an economic Depression
Food stamps are the symbol of poverty in the U.S. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive - a sure sign the world's richest country faces economic crisis.
We knew things were bad on Wall Street, but on Main Street... Employers cut 533K jobs in Nov., most in 34 years
"Employers cut 533K jobs in Nov., most in 34 years Dec 5, 2008 Economy Dec 5, 3:22 PM (ET) By JEANNINE AVERSA WASHINGTON (AP) - Skittish employers slashed 533,000 jobs in November, the most in 34 years,... Paulson and Bernanke Spread the Wealth Around
"During the campaign, Barack Obama provoked a media flurry and right-wing outrage over his comment to Joe the Plumber about "spreading the wealth around." They told us that this view was contrary to the American Way, that this was socialism. Given all the concern over... 164 views | 0 recommendations | 0 comments
This Is Not A Normal Recession: Moving on to Plan B
""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...Indian stock market Sensex plunges 600 points
Indian Stocks had a bleak opening on Thursday with deepening worries over a prolonged global economic recession. The absence of confidence spurred a huge sell off across global markets. " Stocks opened almost 600 points down on Thursday with deepening worries over a prolonged...Economic Scene
I think that its sensible to wait a few days more to see what will happen to stocks and share prices. The recovery after the media hype looks very impressing today. Its my thought that the market will recover without the bailout. Of course the corrupt... Main Street turns against Wall Street & Politicians BailOut
"NEW YORK (Fortune) -- In one frenzied month Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke remade Wall Street. Along the way they may also have recast American politics. A month of... Bailout deal a no go; Bernanke back to Capitol
Just in. The deal is off!"WASHINGTON - Urgent efforts to lash together a $700 billion rescue plan for the national economy broke apart Thursday night, hours after key lawmakers had declared they had reached a... Paulson, Bernanke Tell Lawmakers Urgent Action Needed on Treasury Plan
"Mr. Paulson cautioned lawmakers against letting the plan get bogged down in a debate over unnecessary additions. Senate Banking Committee leaders voiced skepticism Tuesday about the U.S. Treasury's plan to buy up...
created by Leonard Brody | 4 years ago | updated 4 years ago
218 views | 2 recommendations | 1 comment
218 views | 2 recommendations | 1 comment
BAILOUT.....HUNGERY..
U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly on a proposed financial system bailout and warned of dire consequences if they delay. In prepared testimony that the two are scheduled to... 167 views | 0 recommendations | 0 comments
Fed takes heat on AIG from both sides of Congress
The US Federal Reserve took some bashing today from members of Congress who criticized the loan given to AIG yesterday."In what may be a foreshadowing of the sort of questions Fed Chairman Ben Bernanke can expect when he testifies before congressional committees next week,...The Death of the Free Market
Nouriel Roubini challenges the US government's response to the growing financial crisis accusing the Feds of reverting to a soviet strategy of effectively nationalizing major banks."Last week we argued that,...Biggest oil price drop in 17 years
Warning!!! GLOBAL INFLATION threatened .... " Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal...Top Members Today
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