Ben Bernanke

After watching Ben Bernankes 60 minutes, I had much knowledge on what was unfeignedly going on in the economic market. Ben Bernanke is a very intelligent individual with the potentiality of a Federal Reserve chairman you would expect to have. all(prenominal) finale Mr. Bernanke makes will always get questioned by deadly somehow. He let the Lehman Brothers collapse which was to a lot of states dismay. The following day he provided the company AIG with an 85 billion dollar loan to bailout the company. He based his decisiveness in making the loan with AIG on the good collateral, out-of-town with the Lehman Brothers he felt that the Federal Reserve cannot afford to adorn with capital within the company. There has been four rescue efforts of AIG that adds up to about 160 billion dollars, with a reasoning of the misfortune of AIG would bring down the financial system in more ways catastrophic ways. Ben Bernanke has made it quite clear to the familiar that the Federal Reserve has increased the money supply in order to save many of the major financial institutions.

Ben Bernanke admits that we were on the verge of a game great depression, except with his granulose knowledge, and great leadership we were able to prevent it from happening I truly feel that the moment of this crisis has passed, and that the threat of a morsel Great Depression are gone, only because Mr. Bernanke catched our lessons learned in our history and call fored to do everything he could to prevent them from take over themselves. I think that Mr. Bernanke and America are on a safe path once again, simply I authe ntically feel that we need to regulate and m! anage these financial companies with much(prenominal) a close eye in order for us to prevent another depression. Although it truly scares not only me, but Im sure many Americans at the view of one man can change the monetary indemnity in as little as 15 minutes.If you emergency to get a full essay, order it on our website: OrderCustomPaper.com

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