Bernanke: Shut down banks if they threaten system:
Federal Reserve Chairman Ben Bernanke on Thursday told a panel investigating the financial crisis that regulators must be ready to shut down the largest companies if they threaten to bring down the financial system. Ref. Source 7
Bernanke gets his "pink slip"
By Mike Whitney
Rather than push for more fiscal "pump priming" so households can continue to pay-down debts and rebuild their savings, the Fed chair is planning to flood emerging markets with hot money, increasing currency volatility and forcing trade partners to clamp down on capital controls so they don't drown in the surge of greenbacks fleeing the US. Ref. Source 7
The Men We Trusted to Lead Us:
Fed Chairman Ben Bernanke referred to the nation's unemployment rate as a "national crisis," to finally hear those words from the man George W. Bush and Barack Obama both appointed to lead us out of the great recession is a bracing reminder of how markedly the policies of both those presidents have failed: Ref. Source 2
Bernanke Says Economy Far From Recovering Full Strength:
"With unemployment at almost 8 percent, we are still far from the fully healthy and vibrant conditions that we would like to see," Bernanke said today at a meeting in Moscow of his counterparts from the Group of 20. Ref. Source 7
Bernanke tells USA TODAY more execs should have gone to jail for causing Great Recession
In an exclusive interview with USA TODAY, former Federal Reserve chairman Ben Bernanke says more corporate executives should have gone to jail for their misdeeds in advance of the 2008 financial meltdown. The Justice Department focused on indicting or threatening to indict financial firms, he says, "But it would have been my preference to have more investigation of individual action, since obviously everything what went wrong or was illegal was done by some individual, not by an abstract firm." Ref. USAToday