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Tag Archives: Bernanke
It's Really Like a Game, Anyway
“Ride along with your drivers, Secretary of the Treasury Henry Paulson and Federal Reserve Chief Ben Bernanke, as they drive a dump truck of cash down Wall Street and bail out the banks in need to help, but be careful; some banks only want to spend taxpayer dollars!”
Think you can effectively dole out that bailout money and save the United States economy? Go play The Bailout Game, now. (It’s pretty cool, believe it or not.)
Posted in Blog, Economy, Henry Paulson
Tagged bailout, Bernanke, Economy, games, Henry Paulson, money
1 Comment
The Michiganization of the United States
Lost in the discussion of presidential politics, Zimbabwe and China, Ben Bernanke, chairman of the Federal Reserve and Washington’s most underrated power-player delivered his periodic report to the Congressional Joint Economic Committee  It was a bleak assessment.  He warned that GNP could contract over the first two quarters of 2008.  For those scoring at home that would meet the definition of a recession.  But he also mused that the Fed may be in no position to cut rates further for fear of inflation which has always been the central bank’s first target.
Posted in Blog, Domestic Affairs, Economy, Liberal Blog, New York
Tagged Bear Stearns, Bernanke, Congress, Economy, Federal Reserve, housing market, recession
1 Comment