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October 11, 2008 4:29:37 AM CDT

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Stories related to: Ben Bernanke

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  • April 2008

    • Frank is Dems' Unlikely Lead Economy Dog

      Politico  |  Apr 10, 08 11:37 AM CDT

      Frank is Dems' Unlikely Lead Economy Dog

      (Newser) - Democratic Rep. Barney Frank has become an unlikely power player in Washington’s “new economic trio” with Ben Bernanke and Henry Paulson, writes David Rogers in Politico. His pet plan—a “humongous housing deal” to steady an ailing market—might be a tough sell to the White House, but it’s “moving in our direction,” says the head of the House Financial Services Committee. More »

      Tags

      Congress  • Henry Paulson  • economy  • Ben Bernanke  • housing crisis  • Barney Frank  • House Financial Services Committee

    • Fed, Execs Defend Bear Bailout

      New York Times  |  Apr 3, 08 12:10 PM CDT

      Fed, Execs Defend Bear Bailout

      (Newser) - Bear Stearns was just hours from collapse, and letting it go down would have been disastrous, executives and regulators argued on Capital Hill today while defending the controversial bailout, the New York Times reports. Without the takeover, “we would all be facing a far more dire set of challenges,” said JPMorgan CEO James Dimon, citing the possibility of a mass run on other investment banks. More »

      Tags

      Financial Crisis  • Federal Reserve  • Ben Bernanke  • Bear Stearns  • JPMorgan Chase  • Chris Dodd  • Senate Banking Committee  • James Dimon

    • Slow Day Sees Modest Losses

      Wall Street Journal  |  Apr 2, 08 3:48 PM CDT

      Slow Day Sees Modest Losses

      (Newser) - The markets slid into negative territory after Ben Bernanke's Congressional testimony on the state of the economy today, but trading was generally low-key. "Flat is good," an economist told the Wall Street Journal . "People are getting their nerve back." The Dow ended down 45.44 at 12,608.92, the Nasdaq down 1.35 at 2,361.40, and the S&P 500 down 2.65 at 1,367.53. More »

      Tags

      stock market  • Ben Bernanke  • Merck  • International Monetary Fund  • IMF  • Best Buy

    • Bernanke: Adjustment Is Mostly Over

      Wall Street Journal  |  Apr 2, 08 10:24 AM CDT

      Bernanke: Adjustment Is Mostly Over

      (Newser) - Ben Bernanke for the first time acknowledged the possibility of a US recession, but he also voiced optimism that “much” of the adjustment period was over, the Wall Street Journal reports. His testimony before Congress seemed to suggest an end to aggressive stimulus measures—noting that rates had already been cut “substantially” and inflation was still a “source of concern.” More »

      Tags

      Congress  • Federal Reserve  • US economy  • recession  • Ben Bernanke  • interest rate cut  • economic stimulus

    • Congress to Grill Bernanke on Bear Stearns

      New York Times  |  Apr 2, 08 8:40 AM CDT

      Congress to Grill Bernanke on Bear Stearns

      (Newser) - Federal Reserve Chairman Ben Bernanke steps onto a tightrope today for two days of Congressional testimony focusing on the central bank’s starring role in the Bear Stearns bailout. Bernanke likely will be taken to task for not stepping in earlier, and more forcefully, to avert economic chaos, reports the New York Times . More »

      Tags

      Financial Crisis  • Federal Reserve  • US economy  • Ben Bernanke  • Bear Stearns  • JPMorgan Chase

  • March 2008