Tag Archives: federal-reserve-chairman
Bernanke on TV defends aggressive actions
Taping a "Bernanke on the Record" special that will air on PBS this week, the top U.S. monetary policy-maker defended the aggressive, even unorthodox actions taken by the Fed during the long recession and deep financial crisis. "I was not […]
Gold Gains as Economy Outlook Boosts Demand for Inflation Hedge
Bloomberg – Gold climbed in Asian trading as equity gains and an improving economic outlook boosted demand for the metal as a hedge against accelerating prices. The MSCI Asia Pacific Index of equities gained for a sixth day after an […]
Obama: Small Business Loans and Refinancing are Keys to Economic Recovery
New York (HedgeCo.Net) – President Obama met with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner on Friday, after which he told reporters there are “glimmers of hope across the economy.” The meeting, which was also attended by […]
Bernanke Addresses Congress, Defends Another AIG Bailout
New York (HedgeCo.Net) – After handing AIG another $30 billion in taxpayer-funded, government bailout funds, U.S. Federal Reserve Chairman Ben Bernanke defended the decision, with the worn-out argument that the insurer’s failure may trigger an economic domino effect. “We know […]
Assured Guaranty Says Profit Will Surge on Derivatives Gains
Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is […]
A Hedge Fund Manager’s Crusade To Expose Losses
NPR News- The people who run hedge funds can be famously secretive about their work. Not David Einhorn. Einhorn founded Greenlight Capital, which manages about $6 billion in assets. He recently waged a very public battle against Lehman Brothers, claiming […]
