Wednesday, December 9, 2009

Bernanke for Another Round of being Chairman of the US Reserve?


I found this segment about Ben Bernanke interesting. Many speculate that Bernanke is the abysmal failure that caused the financial system to crash and did not do anything to prevent it. Under Bernake's guidance, the unemployment rate has raised up to 17%, more than 120 banks have failed and derivatives has risen from $110tn to $290tn, 95% of that being concentrated in just five institutions. Now is it time for Mr. Bernanke to finish up his call of duty and move on? To many it is. As Chairman he should have taken more safety precautions to how he handled the financial situation, but it is what it is. Its time now to give the financial economy a face-lift from a new doctor.

No comments:

Post a Comment