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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Ben Bernanke

Ben Bernanke stories: 248 news summaries

61 - 80 of 248 Stories | << Prev 1 2 3 4 5 6 7 8 ... 13 Next >>

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Fed Bailout Spawns More 'Zombie' Banks

Fed lifelines preserve banks that, frankly, are better off dead

Feb 26, 09 9:40 AM CST
(Newser) - The Federal Reserve’s aggressive lending to banks has helped avert financial collapse, but it may have created some monsters as well, the Wall Street Journal reports. A research paper from the University of Chicago suggests that while federal aid has succeeded some in thawing frozen credit markets, it has... More »

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Ben Bernanke • Federal Reserve • credit market • mortgage backed securities • credit market chaos • toxic assets • Term Securities Lending Facility

MARKETS

 Big Banks Up; Dow Down 80 

Troubled financials boosted by Bernanke comments, Treasury plan

Feb 25, 09 3:17 PM CST
(Newser) - Stocks suffered modest losses today, though prominent financial institutions gained, the Wall Street Journal reports. Details of the Treasury’s “stress tests” and comments from Ben Bernanke disavowing nationalization buoyed Citigroup, Bank of America and Wells Fargo—but another dismal home-sales report depressed the broader market. The Dow fell... More »

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Ben Bernanke • Dow Jones • Nasdaq • Treasury Department • S&P 500 • financial stocks

We Know What We're Doing, Bernanke Assures Congress

Fed chair defends response to financial crisis

Feb 25, 09 3:00 PM CST
(Newser) - Ben Bernanke defended the government’s response to the financial crisis today before Congress, saying regulators’ various approaches reflect different aspects of a unified strategy, MarketWatch reports. “We’re not making it up,” the Federal Reserve chief said. “We’re working along a program that has been... More »

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Congress • Ben Bernanke • Senate • Federal Reserve • nationalization • bank • economy

MARKETS

 Street Battles Back; Dow Up 236 

Financials lead rally

Feb 24, 09 3:17 PM CST
(Newser) - Stocks rallied today as traders snapped up bargains in the wake of yesterday’s sell-off, the Financial Times reports. Citigroup and Bank of America led the surge after Ben Bernanke said the government would not have to resort to nationalization to save the beleaguered banks. The Dow gained 236.16,... More »

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Ben Bernanke • Citigroup • Bank of America • Dow Jones • Nasdaq • S&P 500

 Bernanke: 
 Recession 
 Should End 
 This Year 

2010 will be 'year of recovery'

Feb 24, 09 10:09 AM CST
(Newser) - If the government’s plans work, the recession will be over by the end of this year, Ben Bernanke told senators today, making 2010 a “year of recovery.” But, the Wall Street Journal reports, the Federal Reserve chief pointed to continuing storm clouds, saying the US is undergoing... More »

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Ben Bernanke • Federal Reserve • recession • testimony • Senate Banking Committee • economy • financial crisis

ANALYSIS

 How the
 Crisis Changed
 Bernanke 

Extraordinary times have changed the Fed chairman's language and policy

Feb 19, 09 12:33 PM CST
(Newser) - Crises change people, and the changes wrought by the financial meltdown on Fed Chairman Ben Bernanke were well evident at a Press Club lunch yesterday, writes Dana Milibank for the Washington Post. Previously known for bland answers, this academic now tempers his economist-speak with straight talk and supplemented official data... More »

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Ben Bernanke • Federal Reserve • nationalization • bank • mortgage backed securities • emergency lending • financial crisis

Bernanke's Childhood Home Foreclosed On

Fed chief hails from one of America's hardest-hit towns

Feb 14, 09 10:47 AM CST
(Newser) - “This is where it all happened,” says the new owner of a modest ranch house in Dillon, SC. This is the house Ben Bernanke grew up in, and though his family sold it long ago, it’s a tad ironic that it was just bought in a foreclosure... More »

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Ben Bernanke • foreclosure • small towns

MARKETS

 Dow Up 201 on Fed News 

Obama plan for 'bad bank' inspires confidence

Jan 28, 09 3:10 PM CST
(Newser) - The Fed’s announcement today that it will keep target rates near zero sustained a rally led by financials, the Wall Street Journal reports. Financials continued to rise off the Obama administration’s plan to create a “bad bank” to buy toxic assets, with the Financial Select Sector Fund,... More »

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Ben Bernanke • Citigroup • Bank of America • Federal Reserve • Dow Jones • Nasdaq • S&P 500 • financial stocks

Fed Leaves Rate Unchanged, Will Try Other Tactics

Economy has weakened further, committee concludes at meeting

Jan 28, 09 1:35 PM CST
(AP) - The Federal Reserve said the US economy has weakened further and signaled it will keep a key interest rate near zero for quite "some time" to cushion the fallout. The Fed agreed—with one dissenting vote—to keep the targeted range for the federal funds rate at a record... More »

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Ben Bernanke • Federal Reserve • interest rate • financial crisis

'Bad Bank' for Toxic Assets Among Feds' TARP Options

Paulson, Bair show support creating federally sponsored institution

Jan 16, 09 2:12 PM CST
(Newser) - Support is growing for the latest proposed use of bailout funds: a federally sponsored “bad bank” to purchase toxic assets from troubled financial institutions, Bloomberg reports. “A lot of work has been done on an aggregator bank,” Treasury Secretary Henry Paulson said today; FDIC chief Sheila Bair... More »

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Ben Bernanke • Henry Paulson • mortgage • FDIC • bailout • Treasury secretary • financial crisis • Sheila Bair • President Obama • TARP

ANALYSIS

Feds' Bank
Aid Smacks of Nationalization

Washington may have no choice but to take majority stakes

Jan 16, 09 9:18 AM CST
(Newser) - The federal government may be forced to effectively nationalize some of America's biggest banks, a notion gaining traction as Bank of America and Citigroup teeter on the brink of insolvency. While Washington has shown extreme reluctance to take ownership stakes in corporate banks, it may now have no choice, the... More »

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Ben Bernanke • Wall Street • Citigroup • Bank of America • nationalization • bailout • Obama administration

2008 Inflation Slowest in 50 Years on Oil Prices, Economy

Slow spending, sliding energy costs lead to 0.1% CPI increase last year

Jan 16, 09 8:43 AM CST
(Newser) - In 2008, consumer prices crept up at the slowest rate since 1954, climbing just 0.1% for the year and missing the Fed’s preference of 1.5% to 2% by a wide margin, the Wall Street Journal reports. Just months after inflation hit 17-year highs, a 75% drop in... More »

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inflation • Ben Bernanke • Federal Reserve • deflation • interest rate • commodities • monetary policy • financial meltdown

(Newser) - The Wall Street bailout has not failed, but it hasn’t worked yet, either, as evidenced by the renewed call from Barack Obama and the Fed to release more TARP funds, the New York Times reports. Banks that received bailout funds are clamoring for more to stabilize their finances,... More »

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Barack Obama • Ben Bernanke • Citigroup • Federal Reserve • foreclosure • taxpayers • Wall Street bailout • President Obama • TARP

MARKET Open


 Stocks Drop on 
 Alcoa Downer,
 Bernanke Calls
 for More Bailout 
 

Bernanke sounds all pessimistic

Jan 13, 09 8:48 AM CST
(Newser) - Stocks took a modest drop at the open, in the wake of a grim report from Alcoa and even grimmer words from Ben Bernanke, who said the strength and timing of the global recovery are “highly uncertain,” and that Obama’s stimulus won’t produce sustainable results without... More »

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Ben Bernanke • stock market • Bank of America • Alcoa • finance • Nasdaq • Citibank • Dow • S&P 500

 Dumbest 
 Gaffes 
 on the 
 Economy 

Instead of predicting financial crisis, they hid it

Dec 31, 08 6:12 PM CST
(Newser) - The men who should have been warning us about the impending financial crisis were a wee bit off the mark at times. MSNBC rounds up some of the dumbest things said:
  • "Subprime market problems seem likely to be contained."—Ben Bernanke, March 28, 2007
  • "The
... More »

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John McCain • Ben Bernanke • recession • US economy • credit crisis • John Thain • George W. Bush • Alan Schwartz • financial crisis • recession depression

analysis

Spending Beyond Our Means? It's All China's Fault

The time of the reckoning is here, NYT says

Dec 26, 08 12:13 PM CST
(Newser) - The financial crisis is, in part, a result of the uncomfortably tight economic embrace between the US and China, New York Times reports. China has long fostered an unsustainable credit cycle by keeping its currency artificially cheap and lending massive sums to the US. “Nobody wanted to get... More »

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China • Ben Bernanke • Henry Paulson • Chinese economy • financial crisis • Chinese exports

OPINION

'Helicopter Ben' Should Shower Us With Cash

Fed can prevent deflation, but problems lurk down the line

Dec 17, 08 11:56 AM CST
(Newser) - With interest rates functionally zero, Ben Bernanke is soon going to have to resort to the central banker's ultimate weapon: printing cash and showering Americans with money. There's no question that the "helicopter drop" will prevent the dreaded spiral of deflation, writes Martin Wolf in the Financial Times.... More »

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Ben Bernanke • Federal Reserve • central bank • deflation • financial crisis

MARKETS

 Dow Jumps 359 on Rate Cut 

Hopes that financials may soon be clear of bad debt also buoys sentiment

Dec 16, 08 3:23 PM CST
(Newser) - Stocks rallied today as investors cheered the Federal Reserve’s sharp federal funds rate cut and other policy measures designed to combat the economic crisis, the Wall Street Journal reports. The Dow rose 359.61 to close at 8,924.14. The Nasdaq climbed 81.55, closing at 1,589.... More »

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Ben Bernanke • Citigroup • Dow Jones • Nasdaq • interest rate • federal funds rate • S&P 500 • JPMorgan Chase • Genworth Financial

 Fed Cuts Rate to 0%-0.25% 

Target is record low as Reserve battles recession

Dec 16, 08 1:40 PM CST
(AP) - The Federal Reserve today cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank says it reduced the federal funds rate, the interest that banks charge... More »

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Ben Bernanke • Federal Reserve • recession • interest rate • credit crisis • Fed funds rate • interest rate cut • financial crisis

Record Low Rates Leave Investors Cold

Cut is likely tomorrow, but Wall Street wants more varied approach

Dec 15, 08 9:14 AM CST
(Newser) - Tomorrow the Federal Reserve will probably cut its target interest rate to 0.5%, the lowest in decades. But, the Wall Street Journal reports, investors are unlikely to be cheered by a further slash, instead waiting to hear what further measures Fed chief Ben Bernanke is preparing now that interest... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • interest rate • interest rate cut • financial crisis

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