Tuesday, August 25, 2009

Mr Obama said Mr Bernanke had helped prevent a repeat of the Great Depression

Bernanke set for second Fed term

financial markets see Mr Bernanke as the person who almost single-handedly staved off a meltdown, says the BBC's Greg Wood in Washington.

Posted by smiling @ 10:20 AM (613 views)
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4 thoughts on “Mr Obama said Mr Bernanke had helped prevent a repeat of the Great Depression

  • :-)ing You have at least one thing in common with Ben and BO, you all need to learn some history…. I posted a while back an address given by Hoover.

    http://www.geocities.com/mb_williams/hooverpapers/1930/paper19300501a.html

    Sound familiar? What happened next?

    The only thing we learn from history is we learn nothing from history…. [Hegel…. Fred to his mates]

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  • @ smiling – your line above – “Mr Bernanke – the person who almost single-handedly staved off a meltdown” say’s the BBC reporter

    “staved off” seems to me to be the key word here – what happens next?

    I look forward with interest to your detailed reply.

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  • @ Jack, its not my line, it’s from the article. For what it’s worth, I think what happens now is anyones guess but Mr. B has done a fair job so far. And if it wasnt for him this whole episode would have been dealt with in a way that would have made the situation far worse. So in that respect he is like the anti-Christ for HPC!

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  • Would this be the same Bernanke that, along with Greenspan and most of the people in charge currently, managed to get us into this mess in the first place? i.e. the biggest bubble and credit binge in the history

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