Tag Archives: Bernanke
“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.)
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 hisÂ periodicÂ report to the Congressional Joint Economic Committee Â It was a bleakÂ assessment. Â He warned that GNP could contract over the first two quarters of 2008. Â For those scoring at home that would meet theÂ definitionÂ of a recession. Â 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.