Ben Bernanke

After watching Ben Bernankes 60 minutes, I had more than(prenominal) knowledge on what was unfeignedly going on in the economic market. Ben Bernanke is a very intelligent individual with the effectiveness of a Federal Reserve chairman you would expect to have. each(prenominal) finale Mr. Bernanke makes will always get questioned by baneful 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 ratiocination in making the loan with AIG on the good collateral, far-flung with the Lehman Brothers he felt that the Federal Reserve cannot afford to meliorate 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 cataclysm of AIG would bring down the financial system in more ways catastrophic ways. Ben Bernanke has made it quite clear to the com monplace 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 plush-like 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 insurgent Great Depression are gone, only because Mr. Bernanke looked 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, just now I genuinely feel that we need to regulate and manage these financial companies with such(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 policy in as little as 15 minutes.If you loss to get a full essay , order it on our website: BestEssayCheap.com

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