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[3] [4] During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the 2007–2008 financial crisis, for which he was named the 2009 Time Person of the Year. [4] Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the Department of Economics there from 1996 to ...
In his dissent to the majority report of the Financial Crisis Inquiry Commission, conservative American Enterprise Institute fellow Peter J. Wallison [273] stated his belief that the roots of the financial crisis can be traced directly and primarily to affordable housing policies initiated by the United States Department of Housing and Urban ...
Ben Bernanke, Chairman of the Federal Reserve System, argues that Congress must pass legislation to authorize any continued intervention by the Fed or the Treasury. With the availability of credit drying up, Paulson's plan is to buy the toxic assets from the banks to take the risk off their books and increase their cash reserves.
Look, I think fundamentally Ben Bernanke has done a marvelous job the last five years. Yes, they missed a lot of stuff heading into the crisis. They didn't see beyond the horizon of how bad it ...
Former U.S. Federal Reserve Chair Ben Bernanke, who put his academic expertise on the Great Depression to work reviving the American economy after the 2007-2008 financial crisis, won the Nobel ...
Fed Chairman Ben Bernanke re-affirmed the Fed's and the U.S. Treasury's previous decisions to bail out the banking sector and AIG, and underscored that an AIG failure would have been 'devastating ...
The U.S. central banking system, the Federal Reserve, in partnership with central banks around the world, took several steps to address the subprime mortgage crisis.. Federal Reserve Chairman Ben Bernanke stated in early 2008: "Broadly, the Federal Reserve’s response has followed two tracks: efforts to support market liquidity and functioning and the pursuit of our macroeconomic objectives ...
Susan Walsh/APBen Bernanke on Friday as he left the Federal Reserve for the last time as chairman. After eight years in office, Federal Reserve Chairman Ben Bernanke has left the building. Over ...