money.cnn.com - 11/24/2008
—
NEW YORK (Associated Press) - Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse. "I and others were mistaken early on in saying that the ...
newyorker.com - 11/24/2008
—
newyorker.com —
Some are born radical. Some are made radical.
And some have radicalism thrust upon them. That is...
the way with Ben Bernanke, as he struggles to rescue the American financial system from collapse. Early every morning, weekends included, Bernanke arrives ...
(more)
John Cassidy: Ben Bernanke and the financial crisis.
bloomberg.com - 12/1/2008
—
bloomberg.com —
Dec. 1 (Bloomberg) -- Federal Reserve Chairman Ben
S. Bernanke said he has “obviously limited” room to...
lower interest rates further and may use less conventional policies, such as buying Treasury securities, to revive the economy. The U.S. economy ...
(more)
Bernanke Says Fed May Buy Treasuries to Aid Economy ...
economistsview.typepad.com - 11/20/2008
—
economistsview.typepad.com —
Tim Duy lets loose: Policy Adrift, by Tim
Duy : I understand the Federal Reserve Chairman Ben...
Bernanke is considered something of a sacred cow, our one point of light in an uncertain world. An academic who cannot be questioned by other ...
(more)
Fed Watch: Policy Adrift
Comments
Blog Reactions
Monday morning links
The Mess That Greenspan Made —
... rate - BBC HOUSING World's house values fall for the first time - Guardian Assured, FSA Lose AAA Ratings at Moody’s - Housing Wire Calling for Fed Intervention in the Housing Market - Seeking Alpha Falling prices a bitter pill for homeowners - SF Gate FED/TREASURY/BANKING The Fed Is Out of Ammunition - Wall Street Journal Fed's Role in Crisis Is Giant, if Opaque - Washington Post Bernanke says he erred in gauging mortgage fallout - CNN/Money Economist blames Fed for ...
Ben Bernanke Admits He was Wrong!
The Learning Curve by Muckdog —
Ben Bernanke says that he was wrong and underestimated the impact of the mortgage fallout. Ya think? There hasn't been a "wrong" that bad since the San Diego Chargers drafted Ryan Leaf with the number two pick of the 1998 NFL draft. "I and others were mistaken early on in saying that the subprime crisis would be contained," Bernanke said in an article in the Dec. 1 issue of The New Yorker magazine. "The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict," he said ...
Related Content
Which Bernanke? Whose Bubble?
baselinescenario.com 8/25/2009 — Ben Bernanke will be nominated for a second term as chairman of the Federal Reserve. But which Bernanke are we getting? There are at least three.
The Bernanke who led the charge to rescue the US (and world’s) financial system after the Lehman-AIG collapse. If you accept that the ...
Bernanke on Nationalization
calculatedriskblog.com 2/24/2009 — From Bloomberg: U.S. Will Take Bank ‘Ownership’ Stakes Only as Losses Climb (ht Anthony) Federal Reserve Chairman Ben S. Bernanke said the ... Treasury will buy convertible preferred stock as needed in the 19 largest U.S. banks after stress tests to ...
Ben Bernanke, Revisionist
portfolio.com 10/15/2008 — This, from Ben Bernanke , is disingenuous:
The difficulties at Lehman and AIG raised different issues. Like the GSEs, both companies were large, complex, and deeply embedded in our financial system. In both cases, the Treasury and the Federal ...
Did Bernanke Really Promise No Nationalization?
247wallst.com 2/24/2009 — As Chairman of the Federal Reserve, Ben Bernanke is still a powerful and influential figure whether he is considered a “legacy post” of the Bush administration or not. Unlike Geithner, Bernanke is not entirely considered an ...
Bernanke: So Far, So Good, On Credit Moves
globaleconomicanalysis.blogspot.com 2/12/2009 — It's hard to make up this kind of stuff, so pay attention to the headline and Bernanke's comments in the story So far, so good, on credit moves: Bernanke says Federal Reserve Board Chairman Ben Bernanke said the innovative programs he has engineered ...
The Bernanke ReappointmentTour
calculatedriskblog.com 7/27/2009 — Fed Chairman Ben Bernanke kicks off his reappointment tour with a town hall meeting today in Kansas City, Mo. Jim Lehrer will host. From Don Lee at the LA Times: Chairman Ben Bernanke confronts challenges to Federal Reserve's record With his term ...
Bernanke on the Fed's balance sheet
econbrowser.com 1/14/2009 — In remarks in London today, Fed Chair Ben Bernanke let the world know how he views the risks and benefits of the recent dramatic changes in the assets and liabilities of the U.S. Federal Reserve.
One of Bernanke's goals was to reassure the public ...
Bernanke's Revolution
globaleconomicanalysis.blogspot.com 4/12/2009 — Inquiring minds are reading a long and glaringly misguided post by the Washington Post on How Bernanke Staged a Revolution . Bernanke's ability to understand and synthesize the views of his colleagues goes a long way toward explaining how he has ...
The Bernanke rally
econbrowser.com 2/25/2009 — Tuesday's stock market rally was pretty impressive. But can the mere words of the Federal Reserve Chair actually produce a 4% increase in the value of the U.S. capital stock?
"Stocks up as Bernanke says recession to end in '09", declared the AP ...
Fed Watch: When Does Faith in Financial Engineering Wane?
economistsview.typepad.com 3/2/2009 — Tim Duy wonders how long it will be until the Fed gives up on the idea that financial engineering can resolve the problems in financial markets:
When Does Faith in Financial Engineering Wane?, by Tim Duy : The data flow is truly horrible, ...
Follow WallStreetBlips on Twitter
