2008 Financial Crisis

[The fall of 2005 marked a watershed event for precious metals markets as President George W. Bush nominated the Chairman of his Council of Economic Advisers, Ben Bernanke, to replace outgoing Federal Reserve Chairman Alan Greenspan at the nation's central ...  

Federal Reserve Governor Elizabeth Duke said the unresolved status of government-sponsored mortgage firms Fannie Mae and Freddie Mac is restraining the recovery in the housing market by contribution to a choked off supply of credit. “I believe ...  

US Federal Reserve chairman Ben Bernanke Thursday signalled that the US banking system is stronger, but added that tight lending continues to constrain the mortgage market. "Banks still have to do more to restore their health and adapt to the post-crisis regulatory and economic environment," Bernanke said in a speech at the Chicago Fed's annual conference on banks....  

MINYANVILLE ORIGINAL Most financial stocks made gains today. JPMorgan Chase (JPM) and Wells Fargo both outperformed the Dow (^DJI) and S&P (SPY). More Americans than expected filed for unemployment insurance last week. Deutsche Bank (DB) and Barclay's (BCS) won the bid for the high yielding Maiden Lane commercial mortgage securities from the New York Fed which set them up while bailing out AIG (AIG). The two dealers who paid $7.5 billion for...  

Ben Bernanke, chairman of the Board of Governors of the Federal Reserve System and the most powerful central banker in history, had a long and distinguished career as an academic prior to joining the Fed. He is routinely described as one of the leading ...  

The U.S. government has launched a plan to deal with failed companies that could touch off another Lehman-like incident that could set off instability in the financial markets. The Federal Deposit Insurance Corporation’s (FDIC) acting chairman Martin Gruenberg on Thursday outlined steps that the federal...  

Fed Chairman Ben Bernanke, in Atlanta for a financial markets conference, vowed Monday to better monitor and mitigate risks brought about by the nation's banks and financial institutions during the Great Recession....  

American International Group Inc. said that board director Donald Layton has submitted his resignation from the board, due to his appointment as chief executive officer of Freddie Mac. The resignation is effective next week when AIG commences its annual meeting …  

(Please visit the site to view this media)CNBC's Steve Liesman reports on statements made by Fed Chairman Ben Bernanke at the Fed conference on banking in Chicago. "Overall, I think this is a pretty upbeat Fed chairman who is not really inclined to making too many upbeat comments about the banking industry," he says....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

To restore calm, President George W. Bush, Treasury Secretary Henry Paulson, and Federal Reserve Chairman Ben Bernanke proposed the $700 billion emergency Troubled Asset Relief Program (TARP) to bail out insolvent financial institutions. TARP failed in the ...  

By EconMatters: The Troubled Asset Relief Program (TARP) is a program initiated by the US government, funded by taxpayers, in October 2008 to bail out the banking and housing sector after the 2008 financial crisis. Due to the program's complexity and "repayment" schemes, there has been different estimates of what TARP would ultimately cost.We looked at the various TARP estimates in August, 2011 trying to shed some light on two very...  

The Troubled Asset Relief Program (TARP) is a program initiated by the US government, funded by taxpayers, in October 2008 to bail out the banking and housing sector after the 2008 financial crisis. Due to the program's complexity and "repayment" schemes ...  

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) announced today that, due to his appointment as Chief Executive Officer of Freddie Mac, Mr. Donald Layton had submitted his resignation from the Board of Directors of AIG to be effective as of the commencement of AIG’s 2012 Annual Meeting of Shareholders on May 16, 2012. “We are thankful for Don’s service to the AIG Board of Directors,” said Robert S. Miller, AIG...  

AnchorBank, 5 others behind on dividend payments to Treasury The parent companies of 12 Wisconsin-based banks that took Troubled Asset Relief Program money from the federal government haven't yet repaid it, a new report shows. In addition, half of them are behind on dividend payments promised to the U.S. Treasury in return for a TARP capital investment during the financial crisis in 2008 and 2009, according to a report by Keefe, Bruyette...  

In late February Fed Chairman Ben Bernanke started warning lawmakers about the looming "massive fiscal cliff" that would bring the U.S. economy to its knees if Congress cannot agree on long-term fiscal decisions. Bernanke explained that the ...  

FreedomWorks Foundation and Reason are co-hosting a special lecture by economist Peter Schiff as he responds to Federal Reserve Chairman Ben Bernanke’s four-part College Lecture Series at George Washington University School of Business. Watch the livestream, starting at 3:00, below: Live Video streaming by Ustream  

Nobel Prize winning economist Paul Krugman has some critical words for how Team Bernanke is handling the U.S. economy. The Princeton University professor suggested on Bloomberg Television's "Street Smart" program Monday that U.S. Federal Reserve policy makers, under the guidance of Chairman Ben Bernanke, are "reckless" for refusing to pursue inflation. Krugman argues that higher inflation could lower the staggering U.S. employment rate...  

Paul Krugman is now so far into outer space with ridiculous economic proposals that even Helicopter Ben Bernanke recognizes Krugman's proposals as "reckless". Bloomberg reports Bernanke Takes On Krugman’s Criticism Ignoring Own Advice Federal Reserve Chairman Ben S. Bernanke took on Nobel prize-winning economist Paul Krugman yesterday and called his advice to reduce unemployment by boosting inflation “reckless.” “The question is, does it...  

Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis.Bernanke defended the central bank’s actions to support insurance giant American International Group and help with the sale of investment bank Bear Stearns, during a speech to a New York conference examining the crisis.  

On April 25 Obama’s Fed Chairman Ben Bernanke (pictured) boosted his outlook for U.S. economic growth this year and is slightly more optimistic about the unemployment rate, (first link below) yet as recently as February 7, Bernanke warned of the...  

U.S. bailout of AIG may net an estimated $15.1-billion profit (Jim Puzzanghera, 5/09/12, Los Angeles Times)The U.S. government could end up pocketing a $15.1-billion profit from the bailout of insurance giant American International Group Inc., according to a new estimate by the Government Accountability Office.The report came as the Treasury Department this week continued to wind down its stake in AIG, which the government rescued from...  

This is another state of the Krugman post. You and I, flies on the insider walls, know that Ben Bernanke is a full professor at Our Betters U. — in other words, deeply involved in running his chunk of the State for the lords and ladies who govern us. Like all retainers Bernanke works for a living, but as Chairman of the Fed he's very high up.Paul Krugman is now acknowledging the same thing, and becoming less and less collegial in the process...  

(Please visit the site to view this media)Fed Chairman Ben Bernanke assesses the argument for breaking up the banks, saying that it is imperative to "eliminate the incentive for too big to fail."...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

(Please visit the site to view this media)CNBC's Steve Liesman looks at whether economists surveyed believe Fed Chairman Ben Bernanke will be reappointed to another term....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

(Please visit the site to view this media)Fed Chairman Ben Bernanke says the Fed won't hesitate to provide additional support if the economy requires it....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

Here are the updated projections from the April meeting. Fed Chairman Ben Bernanke's press conference starts at 2:15 PM ET. Here is the video stream. Below are the update projections starting with when participants project the initial increase in the target federal funds rate should occur, and the participants view of the appropriate path of the federal funds rate. I've included the chart from the January meeting to show the change. The...  

The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.  

NEW YORK (ETF Digest) -- What can rally markets off recent lows is this announcement from Bloomberg: "Federal Reserve Chairman Ben Bernanke will speak to an Atlanta Fed conference and after will engage in a brief, moderated Q&A session. Atlanta Fed President Dennis Lockhart will also speak at various times during the conference, as will Boston Fed Pres. Eric Rosengren, in Stone Mountain, Ga." Bernanke et al are stock market tape watchers. No...  

Twitter / @justinwolfers: >Q1 for Bernanke: Are inflation expectations anchored? If so, doesn't this allow for easier policy than in an estimated Taylor Rule? >Q2 for Bernanke: Can you reconcile current policy with Qvigstad's criteria: Inflation is forecast to be below target & unemployment above.  

Ben Bernanke has often talked about the need for sounder budget policies in Washington, but the Federal Reserve chairman has ramped his message up a notch: Failure to take new action by the end of year, he said, would have negative effects on the economy that even the Fed couldn't offset.The reason for his urgency is what some economic analysts call a "fiscal cliff" that awaits America on Dec. 31. Others call it "Taxmageddon."At year-end, a...  

By Phil Davis: Bad news will be good news. Yesterday Fed Chairman Ben Bernanke reassured the markets that the Fed will be "keeping interest rates low ... is still appropriate for our economy" (see statement) saying the committee had "had no difficulty coming to a consensus" about keeping rates low. Mr. Bernanke is "really laying the groundwork to show he's serious on holding the line on the federal-funds rate target until well into 2014," said...  

Ben Bernanke, 2012: >There's this view circulating that the views I expressed about 15 years ago on the Bank of Japan are somehow inconsistent with our current policies. That is absolutely incorrect. My views and our policies today are completely consistent with the views that I held at that time. I made two points at that time to the Bank of Japan. The first was that I believe that a determined central bank could and should work to eliminate...  

It would be so easy for Ben Bernanke to say: "We have a 2%/year inflation target, and also strive for maximum feasible employment and purchasing power by attempting to keep the unemployment rate close to what we believe to be its natural rate. Whenever the unemployment rate is below what we believe to be its natural rate, we expect inflation to rise and so are unhappy--and believe additional tightening is warranted--unless inflation is below...  

Even creditworthy borrowers are finding it difficult to get a mortgage nowadays and it's unlikely banks will ease their standards anytime soon, according to Ben Bernanke, chairman of the Federal Reserve. "A return to pre-crisis lending standards ...  

[Ben Bernanke-1999):](http://www.princeton.edu/~pkrugman/bernanke_paralysis.pdf) >The argument that current monetary policy in Japan is in fact quite accommodative rests largely on the observation that interest rates are at a very low level. I do hope that readers who have gotten this far will be sufficiently familiar with monetary history not to take seriously any such claim based on the level of the nominal interest rate…. A more respectable...  

Soon after Lehman Brothers' 2008 bankruptcy, Fed Chairman Ben Bernanke reportedly proclaimed that "there are no atheists in foxholes and no ideologues in financial crises." Mr. Bernanke likely meant that, in a financial crisis, policymakers shouldn't be wedded to their pre-crisis understanding of what does and doesn't constitute sound economic policy. They should instead react to events as these unfold.  

Dear Monetary Policy ObserverFederal Reserve Chairman Ben Bernanke recently caused a stir in a speech at George Washington University in which he defended the break with the gold standard.  APIA has been among the leaders in challenging Bernanke’s remarks.  Here are a dozen responses by APIA staff and advisors to the Chairman together with a sampling of additional responses by other notable monetary policy commentators.compiled by our...  

Over at The Fiscal Times, Liz Peek has a must-read column – “Krugman’s Left-Wing Bullying of Bernanke” — charging the New York Times columnist with having “vaulted over the line” with “an ad hominem attack on Fed Chair Ben Bernanke for not doing enough to boost the economy.” Wrires Peek: Krugman’s anxiety that the stuttering recovery will bounce President Obama from the White House seems to have loosened his already-fragile grip on reality...  

April 25 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke offers his views on the outlook for central bank monetary policy and the U.S. economy. Fed policy makers say they expect growth to accelerate, while refraining from new actions to lower borrowing costs. Bernanke says the central bank stands ready to add to its stimulus if necessary. (Excerpts)  

Note: Bernanke didn't discuss current monetary policy.From Fed Chairman Ben Bernanke: "Some Reflections on the Crisis and the Policy Response" On the originate-to-distribute model: Private-sector risk management also failed to keep up with financial innovation in many cases. An important example is the extension of the traditional originate-to-distribute business model to encompass increasingly complex securitized credit products, with...  

pigrabbitbear writes "Those who continue to inflate the tech bubble will be quick to remind us all of how they've learned from the past. That this time, it's simply different. They do have a point. Silicon Valley (and Alley) have matured. Startups these days are focused, driven, and efficient, creating products that people actually use. In a period of less than a year after its launch, Instagram was used by 5 million users, who by August of...  

CBC.caBernanke: US Banking System Getting HealthierFox BusinessFederal Reserve Chairman Ben Bernanke said on Thursday the US banking system has made substantial progress toward becoming healthier since the financial crisis but noted there still were problem lending areas. "Conditions in the banking system -- and ...Bernanke: Banking Is Stronger, but Lending Still TightWall Street Journal (blog)Bernanke-US banking system healthier after...  

From Fed Chairman Ben Bernanke: Fostering Financial Stability. A few excerpts on shadow banking: I've outlined a number of ongoing efforts, both domestic and international, to bring the shadow banking system into the sunlight, so to speak, and to impose tougher standards on systemically important financial firms. But even as we make progress on known vulnerabilities, we must be mindful that our financial system is constantly evolving, and...  

$500B in MBS losses: * leading via a financial accelerator to a $20T collapse in global financial wealth. * contrast with dot-com bubble collapse. Bernanke's points: * shadow banks: maturity, liquidity, and risk transformation. * excess demands for safe assets in a global economy with a global savings glut. * concentration of risk. * originate and fail to distribute. * rating agencies. * complexity. * regulatory failures.  

By Brad DeLong: It would be so easy for Ben Bernanke to say: "We have a 2%/year inflation target, and also strive for maximum feasible employment and purchasing power by attempting to keep the unemployment rate close to what we believe to be its natural rate. Whenever the unemployment rate is below what we believe to be its natural rate, we expect inflation to rise and so are unhappy--and believe additional tightening is warranted--unless...  

Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today. Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted...  

Progressive social media is echoing with the theme that everything would be well with the American economy were it not for the willful obstructionism of Ben Bernanke.Here is a tweet from Matt Y:"the gaps get smaller with every month Bernanke lets our human and physical capital stock decay -- that's the problem!"and another:"I'm not sure I understand why it's my job to "understand" the man presiding over a total disaster."And here's the usually...  

(Please visit the site to view this media)CNBC's Steve Liesman awaits Fed Chairman Ben Bernanke's speech on the financial crisis....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

Due to his appointment as CEO of Freddie Mac, Donald Layton had submitted his resignation from the board of directors of American International Group, Inc. (AIG), effective May 16, 2012. AIG says that, in light of Layton’s unexpected resignation, the ...  

After the $700 billion bailout plan was approved by Congress and President Bush, TARP began with then Treasury Secretary Henry Paulson meeting in October 2008 with the top executives of eight of the largest bank holding companies and making it ...  

Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central bank’s actions to support ...  

He should know. In the spring leading up to the financial crisis in 2008 then Treasury Secretary Henry Paulson asked Kashkari to come up with a emergency plan by chance in the case of a total financial meltdown. Kashkari and fellow Treasury ...  

(Please visit the site to view this media)Fed Chairman Ben Bernanke offers his view on the economy and inflation....(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.  

Fed Chairman Ben Bernanke had a dire warning for Senate Democrats at a ... But Senate Majority Leader Harry Reid (D-Nev.) reiterated his strong opposition to a House Republican bill to replace the defense sequester with deeper cuts to health care and ...  

Let’s take a closer look at who these investors are. They are — in essence — you and me. Bloomberg subscribers from all over the world. They’re not big banks who get to borrow money so cheaply from the Fed that the interest they get paid to park ...  

Banks profit by making loans, not refusing them. So why are banks making fewer loans to small business these days? On March 29, at a lecture at George Washington University, Federal Reserve Chairman Ben Bernanke innocuously remarked that lately “small businesses have … found it difficult to get credit.” Too bad that none of the students at the lecture thought to ask him why. A case can be made that the Fed is partially responsible. Bankers...  

(Reuters) - With a nod to country singer Kenny Rogers, a federal judge has refused for now to allow insurers for former officers and directors of Lehman Brothers Holdings Inc to pay $90 million to settle a fraud lawsuit brought by investors. U.S. District ...  

The Troubled Asset Relief Program (TARP) is a program initiated by the US government, funded by taxpayers, in October 2008 to bail out the banking and housing sector after the 2008 financial crisis. Due to the program's complexity and "repayment" schemes ...  

Prior to Brunswick Group, Wilkinson served as Chief of Staff for US Treasury Secretary Henry Paulson, serving as Paulson's senior strategist and counselor, and working on matters of financial policy and crisis management. "Jim is a focused and proven ...  

John Taylor of Stanford University, a supporter of the Brady legislation and a frequent critic of Fed Chairman Ben Bernanke, said a clear price-stability goal would eliminate the Fed’s “more unpredictable, discretionary policies.”  

The Troubled Asset Relief Program (TARP) is a program initiated by the US government, funded by taxpayers, in October 2008 to bail out the banking and housing sector after the 2008 financial crisis. Due to the program's complexity and "repayment" schemes ...  

New York Times columnist Paul Krugman accused Federal Reserve Chairman Ben Bernanke of having been "assimilated by the Borg" on ABC's This Week on Sunday. “I think what’s happened to Bernanke, as they say, he’s been assimilated by the Borg," said Krugman, who is a Nobel Prize-winning economist. "He’s become more concerned, probably unconsciously, with defending the Fed’s institutional safety ...  

For many, US Fed Chairman Ben Bernanke has been a skilled central banker who helped the US get through the 2008 global financial crisis and has used a bold array of unconventional policy tools to try to get the recovery going more strongly while ...  

Former Federal Reserve chairman Alan Greenspan says enough with all the attacking of Ben Bernanke. "Anyone has the right to criticize Federal Reserve policy, but it is wholly inappropriate and destructive to engage in ad hominem attacks," Greenspan told The Financial Times, referring to GOP presidential candidates' bashing of his successor, Ben Bernanke. Bernanke has led the Fed since 2006, during the financial crisis, recession and recovery...  

I'll leave it to others to parse Ben Bernanke's policies. Instead, I'll do the crucial work of parsing Ben Bernanke's beard. This is from my Atlantic advice column, "What's Your Problem?": My answer, which follows the question from reader W.B., was ...  

Yet - abracadabra! - Secretary of the Treasury Henry Paulson transformed investment bank Goldman into a commercial bank overnight. (Paulson's prior post was chairman of Goldman Sachs. Just saying.) But there was a catch: Goldman would have to return a ...  

Of all the questions Federal Reserve Chairman Ben Bernanke was asked during his press conference on Wednesday, one appeared to pique his interest in particular: Was he being less aggressive as central bank chairman than the advice he dished out to Japan ...  

USA TODAYBen Bernanke On Financial Crisis: Federal Reserve Employed 'The Best Of Bad ...Huffington PostBy MARTIN CRUTSINGER 04/13/12 04:40 PM ET Ben Bernanke said the Federal Reserve responded to the financial crisis with "the best of bad options." WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options ...Bernanke defends Fed's response to financial crisisUSA TODAYBernanke Highlights Importance...  

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) announced today that, due to his appointment as Chief Executive Officer of Freddie Mac, Mr. Donald Layton had submitted his resignation from the Board of Directors of AIG to be ...  

WASHINGTON (MarketWatch) - Subprime mortgages and the housing bubble were the trigger while high leverage, unstable funding and deficient risk management and supervision were the vulnerabilities that led to the financial crisis, Federal Reserve Chairman Ben Bernanke said Friday. Bernanke, speaking in New York at a conference about perspectives of the crisis, didn't address monetary policy, either from a historic or current perspective. "In the...  

Japan was in deflation and clearly, when you're in deflation and in recession, then both sides of your mandate, so to speak, are demanding additional deflation. Why don't we do more? I would reiterate, we're doing a great deal of policies extraordinarily accommodative.  

The Treasury Department announced Friday that it will sell more of its shares of common stock in insurance giant American International Group to recoup more of the support the government provided AIG in what was the biggest bailout of the 2008 financial ...  

wrote in a blog post Friday. However, any profits from the overall bailout efforts will likely turn on the ability of Fannie Mae and Freddie Mac, the housing finance giants seized by the government in 2008 as they neared collapse, to recover. Taxpayers ...  

Former U.S. Treasury Secretary Henry Paulson Monday urged China to further develop its capital markets and open them to foreign competition to help the Chinese yuan become a market-determined currency. "Capital market development is essential to the ...  

WASHINGTON (MarketWatch) -- After a series of public events, Federal Reserve Chairman Ben Bernanke met last week with a number of Wall Street executives, Fortune reported on its Web site citing unnamed sources. Bernanke spoke at length about monetary policy, in an apparent effort to persuade attendees that they needed to take a more active role in helping to deal with the European debt crisis, the report said. The report said he attended a...  

Why are stocks up today? You can thank the long reach of Fed Chairman Ben Bernanke. Love him or hate him, love QE3 (quantitative easing) or hate QE3, Mr. Bernanke has gotten good at this game. Mr. Bernanke said the Fed "remains prepared to do more" to help ...  

He is routinely described as one of the leading scholars of the monetary causes of the Great Depression of 1929-1940, ranking only behind Milton Friedman and Anna Schwartz whose magisterial A Monetary History of the United States, 1867-1960 is ...  

NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke, in a speech to the Princeton Club about the central bank's response to the financial crisis, did not comment on the outlook for the U.S. economy or monetary policy. Bernanke stuck to a review of the crisis itself and the Fed's efforts to heal credit markets, which seized as a crisis in the housing sector engulfed the rest of the financial system. "The events of the past few years have...  

"TBTF undermines equal treatment, reinforcing the perception of a system tilted in favor of the rich and powerful." At around the same time, Federal Reserve Chairman Ben Bernanke said in an address at George Washington University that "there is ...  

Fed Chairman Ben Bernanke made those and other observations in a news conference Wednesday. Some highlights: — IMPROVING ECONOMY. Bernanke explained why the Fed said Wednesday that growth may "pick up gradually": "Some of the headwinds that have been ...  

Telegraph.co.ukDebt crisis: as it happened, April 25, 2012Telegraph.co.ukUS Federal Reserve raises growth forecasts and says will keep interest rates low until 2014, as chairman Ben Bernanke says the bank "remains prepared to do more" to help economy. Ben Bernanke said the Fed 'remains prepared to do more as needed to make ...Dollar Falls as Bernanke Says He's Prepared to Add More StimulusBloombergBernanke says Fed prepared to do more for...  

NEWS.com.auBernanke says Fed still ready to act if it's neededmsnbc.comFed Chairman Ben Bernanke offered his views on the economy and inflation in a wide-ranging news conference. By John W. Schoen, Senior Producer Even as the economy shows signs of slowing and the unemployment rate remains stuck at painfully high levels, ...Bernanke Says Fed 'Prepared to Do More' After Policy UnchangedBloombergall 1,149 news articles »  

"There won't be much to keep the Fed from their accommodative policies for the foreseeable future," said Victor Li ... of quarterly forecasts at 2 p.m. (1800 GMT), and Fed Chairman Ben Bernanke will follow with a news conference at 2:15 p.m. (1815 GMT ...  

Alan Greenspan has decried the Republican presidential candidates’ attacks on Ben Bernanke, his successor as chairman of the US Federal Reserve as “wholly inappropriate and destructive,” weighing into the nomination contest as it nears a tipping point.  

WASHINGTON (MarketWatch) -- The U.S. Federal Reserve on Wednesday kept interest rates at the same level it has since December 2008 and made no substantive tweaks to either its asset purchase program or the language describing the economy ahead of the release of a new forecast and a press conference from Fed Chairman Ben Bernanke. By an nine-to-one vote, the Fed kept its targeted Fed funds rate between 0% and 0.25%, didn't change its Operation...  

A few days ago, Alan Greenspan, the former chairman of the Federal Reserve, spoke out in defense of his successor. Attacks on Ben Bernanke by Republicans, he told The Financial Times, are "wholly inappropriate and destructive." He's right about that ...  

NEW YORK — The Treasury Department is selling $5 billion worth of stock in bailed-out insurance giant American International Group Inc. for $30.50 per share. AIG will buy about $2 billion worth of the stock. The remaining $3 billion will be offered to ...  

WASHINGTON - Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central bank's actions to ...  

When the financial crisis struck in 2008, many economists took comfort in at least one aspect of the situation: the best possible person, Ben Bernanke, was in place as chairman of the Federal Reserve. The Times columnist and author will be ...  

WASHINGTON (AP) — The Treasury Department says it will sell more of its shares of common stock in insurance giant American International Group to recoup more of the support the government provided AIG in what was the biggest bailout of the 2008 financial ...  

Ben Bernanke warned the Federal Reserve would be powerless to keep the economy from disaster if Congress fails to keep the country from falling off what economists call a looming "fiscal cliff." In a press conference Wednesday to discuss the Fed ...  

Fed Chairman Ben Bernanke made those and other observations in a news conference Wednesday. Some highlights: — IMPROVING ECONOMY. Bernanke explained why the Fed said Wednesday that growth may "pick up gradually": "Some of the headwinds that ...  

The Treasury Department is selling $5 billion worth of stock in bailed-out insurance giant American International Group Inc. for $30.50 per share. AIG will buy about $2 billion worth of the stock. The remaining $3 billion will be offered to ...  

Stocks rose, but the Nasdaq had its biggest gain 2012, as Apple’s earnings almost doubled and the stock was up 8%. Federal Reserve Chairman Ben S. Bernanke said he’s prepared to do more to stimulate growth. Apple, the most valuable company, surged 8.7 ...  

WASHINGTON — The Treasury Department says it will sell more of its shares of common stock in insurance giant American International Group to recoup more of the support the government provided AIG in what was the biggest bailout of the 2008 financial crisis.  

The U.S. Treasury Department said on Friday it plans a third sale of the common stock of American International Group that it acquired as part of the government bailout of the insurer in 2008 at the height of the financial crisis. The Treasury said the ...  

WASHINGTON (AP) -- The Treasury Department announced Friday that it will sell more of its shares of common stock in insurance giant American International Group to recoup more of the support the government provided AIG in what was the biggest ...  

Ben Bernanke journeyed across town to give a 4-part seminar to 30 undergraduates at George Washington University. This was clearly a public relations stunt. Why would the head of the world's most powerful central bank lecture to 30 undergraduates?  

NEW YORK (AP) -- The Treasury Department is selling $5 billion worth of stock in bailed-out insurance giant American International Group ... This is Treasury's third sale of AIG shares. After the sale, Treasury will have a 63 percent stake ...  

Last year Christina Romer argued that Fed chairman Ben Bernanke needed a Volcker moment. What she meant is that like Paul Volcker in the early 1980s, Bernanke needs to rise to the occasion and adopt a new monetary regime radical enough to solve the big ...  

Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions ... American International Group and help with the sale of investment bank Bear ...  

WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions ... International Group and help with the sale of investment bank ...  

The U.S. Treasury Department said on Friday it plans a third sale of the common stock of American International Group that it acquired as part of the government bailout of the insurer in 2008, at the height of the financial crisis. The Treasury ...  

In a speech nearly two weeks back, Federal Reserve Chairman Ben Bernanke rattled financial markets high on a streak of good economic data with remarks noting his continuing anxiety about the labor market outlook. The central bank chief’s ...  

Paul Krugman, New York TimesA few days ago, Alan Greenspan, the former chairman of the Federal Reserve, spoke out in defense of his successor. Attacks on Ben Bernanke by Republicans, he told The Financial Times, are "wholly inappropriate and destructive." Hes right about that "” which makes this one of the very few things the ex-maestro has gotten right in the past few years.But why are the attacks on Mr. Bernanke so destructive? After all...  

(Reuters) – Instagram founders Kevin Systrom and Mike Krieger ought to get down on their knees every night and thank Ben Bernanke. That’s because the Federal Reserve chief has been crucial in creating an atmosphere in which two 20-somethings can sell ...  

The four-week average, a less volatile measure, rose to 368,500. After steadily declining since ... Fed Chairman Ben Bernanke has cautioned that the economy is growing too slowly to maintain recent declines in the unemployment rate. Bernanke has said ...  

Ben Bernanke's position as Chairman of the Board of Governors will end on January 31, 2014. He is now in a race against time. (1) Will the American economy fall back into recession before then, thereby negating the tripling of the monetary base under his ...  

Ben Bernanke, chairman of the Federal Reserve, spoke recently of the need for the Fed to continue to aggressively monitor and regulate the financial sector to avoid any future financial meltdowns. Bernanke’s comments were made during a speech in Stone ...  

WASHINGTON — Chairman Ben Bernanke said Monday that the Federal Reserve is working to address the regulatory failures that were exposed by the 2008 financial crisis. But he cautioned that as the financial system evolves, new risks will emerge.  

Ben Bernanke has been making efforts to put a friendlier face on the Federal Reserve, from greater policy transparency to his recent lecture series at George Washington University, and the Treasury Department seems to be getting in on the act.  

corporate reputation, investor relations, crisis management and litigation. Prior to Brunswick Group, Wilkinson served as Chief of Staff for U.S. Treasury Secretary Henry M. Paulson, serving as Paulson’s senior strategist and counselor ...  

The shifting economic landscape may be pushing most analysts to ruminate over how the Federal Reserve‘s official forecasts will react, but don’t forget: there’s still a policy statement and a Ben Bernanke press conference to deal with, too.  

Subprime mortgages and the housing bubble were the trigger while high leverage, unstable funding and deficient risk management and supervision were the vulnerabilities that led to the financial crisis, Federal Reserve chief Ben Bernanke says.  

Dallas Fed President Richard Fisher’s response? “No one bullies Ben Bernanke." Fisher was not the only speaker at the Milken Institute Global Conference taking place in Los Angeles who would challenge Mr. Krugman’s highly partisan worldview.  

China’s Zhou Xiachuan, head of the People’s Bank of China, criticized Fed Chairman Ben Bernanke for not taking into account the international effects of ultra-loose monetary policy.  Specifically, Zhou said excess liquidity from the Fed’s ...  

Inflation must stay below 2%. In 1999, Ben Bernanke, then just a professor, unsuccessfully urged the Japanese to inflate their way out of their stagnation. But in 2012, Bernanke, who is now chairman of the Fed, says adopting such a policy here ...  

The costs of higher capital are small compared to the benefits ... which almost collapsed in 2008 amid the demise of Bear Stearns Cos. and bankruptcy of Lehman Brothers. In February, the central bank said it will increase oversight of efforts ...  

April 12 (Reuters) – Instagram founders Kevin Systrom and Mike Krieger ought to get down on their knees every night and thank Ben Bernanke. That’s because the Federal Reserve chief has been crucial in creating an atmosphere in which two 20 ...  

Editor's Note: Economist Unapologetically Calls Out Bernanke, Obama for Mishandling Economy. See What They Did "Stock picking is a dead art," Bianco tells MarketWatch. "The most important man in investing decisions is Ben Bernanke. It shouldn ...  

Ben Bernanke responds to my magazine piece; as I see it, in effect he declared that he has been assimilated by the Fed Borg: I guess the, uh, the question is, um, does it make sense to actively seek a higher inflation rate in order to, uh ...  

“The Case Against Lehman” segment on the 60 Minutes show last Sunday erroneously proclaimed that the September 15, 2008 collapse of Lehman Bros. “triggered a chain reaction that produced the worst financial crisis and economic downturn in ...  

Before the Bell | Earnings, no less than Apple, will dominate US market activity this week as well as a news conference by Fed chairman Ben Bernanke as investors seek reassurance shares can regain upward momentum.  

Great American Insurance Group is pleased to announce the hiring of Michael Haney as Divisional Vice President. Mr. Haney will lead Great American Financial Resources Inc. and the Annuity & Supplemental Group’s Risk Management function.  

The United States is far behind on reforming the country's housing finance system, where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans, Treasury ...