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Government

Ben Bernanke

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bloomberg.com - 1/20/2009

Bernanke Tells It Like It Is, Some Don’t Listen: John M. Berry

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Commentary by John M. Berry Jan. 20 (Bloomberg) -- This may be as close as we’re going to get to a Fed chairman labeling some in Congress as irresponsible. Sure, Federal Reserve Chairman Ben S. Bernanke was typically careful with his wording in a Jan. 13 speech in London. “The public in many ...

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econbrowser.com - 1/14/2009

Bernanke on the Fed's balance sheet

— econbrowser.com — 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 ... (more) Bernanke on the Fed's balance sheet

Federal Reserve

Ben Bernanke

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blogs.wsj.com - 1/14/2009

Real Time Economics : Bernanke: You Say 'Quantitative Easing,' I Say 'Credit Easing'

— blogs.wsj.com — Federal Reserve Chairman Ben Bernanke , in remarks delivered in London today , said the Fed isn’t... pursuing the quantitative easing approach to monetary policy that the Bank of Japan pursued from 2001 to 2006. That’s expanding the liability side of the ... (more) Real Time Economics : Bernanke: You Say 'Quantitative ...

Government

Ben Bernanke

Federal Reserve

Anglo Irish Bank

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bloomberg.com - 1/27/2009

Toxic Assets Offer Buy-and-Hold Deal for U.S.: John M. Berry

— bloomberg.com — Commentary by John M. Berry Jan. 27 (Bloomberg) -- If you want to make some big money,... buy a chunk of those toxic mortgage-backed assets dragging down banks. You might harvest a bundle. Money is there to be made because investors, spooked by the ... (more) Toxic Assets Offer Buy-and-Hold Deal for U.S.: John M. ...

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"Bernanke Tells It Like It Is"
Economist's View — John Berry isn't sure that politicians will be willing to provide additional help if the $700 billion in TARP money falls short of what is needed to stabilize the banking system: Bernanke Tells It Like It Is, Some Don’t Listen, by John M. Berry, Commentary, Bloomberg: This may be as close as we’re going to get to a Fed chairman labeling some in Congress as irresponsible. Sure, Federal Reserve Chairman Ben S. Bernanke was typically careful with his wording in a Jan. 13 speech in London. ... After explaining how the world economy “is critically dependent on the free flow of credit,” Bernanke issued his challenge: “Responsible policy ...

The Best Policy Regarding Banks
EconLog: Library of Economics and Liberty — John M. Berry writes , At some point, politicians are going to have to stop pandering to their constituents and show leadership by explaining why the economy can't survive without a banking system. Hear we go again. We hear a rising chorus of cheerleaders for "recapitalizing" banks. Instead, let me remind readers of the first suggestion I made, way back in September. That is, the regulators should make use of capital forbearance for solvent banks and close insolvent banks. Are the banks that are in trouble insolvent or illiquid? If they are illiquid, then capital forbearance ...

Liquidity Traps, Credit Crunches, the Past Two Recessions, and Interest Rates on Long-Term BBB Debt
EconoSpeak — ... Traditional monetary policy can lower risk-free interest rates but recessions are also often associated with rising default risk. This recession in particular seems to have one of its underlying causes being increases in default risk and the associated troubles facing our financial institutions. Maybe this is why Ben Bernanke is frustrated with certain politicians not getting the need to release the remaining TARP funds: ...