Results tagged “Ben Bernanke” from Dealbreaker

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It's Not You, Ben, It's Me, Love, Chris Dodd

Well, here's a fun twist to Sen. Chris Dodd's proposal to castrate the Federal Reserve: Big Ben Bernanke is set to travel to the Hill at some point after Thanksgiving for a few rounds with the gentleman from Connecticut, who...

Caption Contest Monday: Make Bernanke's A Double

The Fed Chairman and Treasury Secretary at a recent Nationals game. What do you think they talked about?...

Ken Lewis Throws Paulson, Bernanke Under Bus

Why didn't Ken Lewis tell Bank of America shareholders that the company they were acquiring was set to report an imperial asston of losses for the fourth quarter, information that would've been more useful to them before the deal went...

Needs More Cowbell Fed

When you are on track to spend a few trillion dollars, communication is everything. People have to feel they are getting something for their hard earned money. That progress is being made. It's like the big, red thermometer with dollars...

Hey Ben, What's The Holdup?

"Hey, Ben. Get to the spending, already. Let's go! That balance sheet is shrinking. Do you think we are paying you to shrink the balance sheet? No sir-ee, Bob. Expansion. Expansion. Ex-pan-sion. Aggressive... aggressive... let's be aggressive. Right? Get it?...

The Cult Of The Beard

Yep. He's back. As usual, we listen so you don't have to. 10:02: There he is! There he is! Oh no, now his wife bleached his tie accidentally. Wyden: Well, the Chairman was otherwise occupied (fly fishing), so I'm going...

Mark To Bernanke

If you dozed off for just a second, you missed it. Federal Reserve Chairman Ben S. Bernanke said accounting standard-setters need to figure out how the mark-to-market rule blamed for worsening the global financial crisis should be followed when assets...

Return Of The Beard: Frank Versus The Beard

10:03: Congresscritters wander into the hearing room. Frank: There is no option other to work with the existing system. Sure, we have to bail out the bankers that you hate, but this is the first important step in totally revamping...

We Listen To The Beard So You Don't Have To

Big Ben, Live: Ben: Sorry I'm late. Was helping Geithner with some math problems, and as you can see, my wife's cat puked on my tie. Dodd: Here is how this hearing works. I grandstand for a few minutes, then...

Fed Indicates That Fed May Consider Ability To Act When Acting

It almost feels like Greenspan is back. "Although conventional interest rate policy is constrained by the fact that nominal interest rates cannot fall below zero, the second arrow in the Federal Reserve's quiver -- the provision of liquidity -- remains...

Bank Robbery Of Another Kind

"I feel like Butch Cassidy and the Sundance Kid. Who are these guys that just keep coming?" -- Treasury Secretary Henry Paulson Jr. We quite like the image of Beard and Bald as the "Banditos Americanos" of Butch Cassidy and...

DealBreaker Afterdark: Bernanke Endorses Obama

A bit obnoxious as a headline for the Wall Street Journal (and of us for telegraphing it), no? Really, the entire piece makes this entry more about the continuing slide in Wall Street Journal quality than any political statement or...

Shortages You Never Expected

You are certain that the credit crisis is cutting into normal life when you tune to CNBC and see Rosa DeLauro (D-CT) ranting from the podium of the House Committee on the Budget. You know that things are way off...

Professor Beard Is Back

Lecturing Congress like a Monday morning professor, again. Ugh. I think I am detecting a pattern here. A droning, dense lecture that bores the markets into a placid, dumb calm. I used to think him annoying lacking in initiative. I...

Liveblogging (Sort Of) The Bailout Hearings

Paulson and The Beard are facing the panel. What glee! 11:30: Lots of hammering away on the issue of mortgage foreclosure assistance. If the issue was bad lending, the argument goes, why aren't we doing more for foreclosure assistance? What...

Will The Maestro Take This Burn Sitting Down*?

Some senator to the Beard of Reasoning: "You are refreshingly different from your predecessor." Related: Bernanke's Big Moment *A word of caution to those answering "Hell fuck no!"-- please realize that this would necessitate actually get out of the tub,...

The Irrelevancy Of Our Lame Duck President

It's hard to think of a starker demonstration of the irrelevancy of George Bush than the split screen running now on CNBC. On the right, Fed chairman Ben Bernanke answers lawmakers' questions on Capital Hill, warning everyone that economic growth...

Bernanke and Paulson Friends Forever, Push Blueprint in DC

The testimony before the House today showed a very collegial relationship between Bernanke and Paulson as they alternately answered questions and swatted down attacks. Their explanations stuck to the plan, specifically Paulson's Blueprint, as they repeatedly mentioned that Congress would...

Mr. Bernanke Goes to Washington

Ben Bernanke and Hank Paulson are currently testifying before the House about current economic conditions. Besides staring at Hank's sports watch while a congressman complains about the scarcity of student loans, we've also been enjoying Bernanke's back and forth with...

Cox to Bernanke and Paulson: "How Come You Guys Don't Call Anymore?"

SEC chair Christopher Cox missed the 5am conference call when Ben Bernanke and Hank Paulson decided that the Fed would lend funds to rescue Bear Stearns from bankruptcy, the Wall Street Journal reports on today's front page. The call's time...