According to today’s Associated Press report:
Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy is suffering through a “severe contraction” and pledged to use all available tools to lift the country out of the recession that already has cost millions of Americans their jobs.
The AP also reports – To brace the economy, many analysts [...]
The home that Ben Bernanke grew up in, fell victim to the mortgage crisis. According to the weekend edition of the Wall Street Journal, Real Estate section: Fed Chief’s Boyhood Home Is Sold After Foreclosure.
According to an excerpt from that article:
Mr. Bernanke’s family sold the property more than a decade ago. It ended up on [...]
MarketWatch.com reports today that the Fed chief, Ben Bernanke, is seeking more power to oversee investment banks. According to an excerpt from that article:
WASHINGTON (MarketWatch) — The Federal Reserve should have a much larger role in supervising investment banks to prevent and limit financial market turmoil, Federal Reserve Chairman Ben Bernanke said Tuesday, endorsing an [...]
It seems that just recently, Ben Bernanke, the Fed Chief, was asked about the risk of shrinkage in the economy. As reported by Mr. Bernanke in this Fortune.com article:
“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so,” Bernanke said this week at a conference [...]
Looks like the Fed is giving out some green for Saint Patrick’s Day.
According to Sunday’s (yes, Sunday) press release:
First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers to provide financing to participants in securitization markets. This [...]
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Cleaning Up The Toxic Assets
Wow, another week in the green!
Although investors reacted negatively to President Obama’s “cautious optimism” speech earlier in the week, Ben Bernanke’s speech concerning the financial crisis at Morehouse College seems to have allayed investors fears about the state of our financial system.
I find it amusingly ironic that Mr. Bernanke chose to speak about the mortgage [...]