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Thread: Person of the year 2009- Ben Bernanke

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    Person of the year 2009- Ben Bernanke

    Ben Bernanke - Person of the Year 2009 - TIME

    A bald man with a gray beard and tired eyes is sitting in his oversize Washington office, talking about the economy. He doesn't have a commanding presence. He isn't a mesmerizing speaker. He has none of the look-at-me swagger or listen-to-me charisma so common among men with oversize Washington offices. His arguments aren't partisan or ideological; they're methodical, grounded in data and the latest academic literature. When he doesn't know something, he doesn't bluster or bluff. He's professorial, which makes sense, because he spent most of his career as a professor.
    Could not have picked a better person in 2009. The man's actions saved the financial system from utter collapse.

    Professor Bernanke of Princeton was a leading scholar of the Great Depression. He knew how the passive Fed of the 1930s helped create the calamity through its stubborn refusal to expand the money supply and its tragic lack of imagination and experimentation. Chairman Bernanke of Washington was determined not to be the Fed chairman who presided over Depression 2.0. So when turbulence in U.S. housing markets metastasized into the worst global financial crisis in more than 75 years, he conjured up trillions of new dollars and blasted them into the economy; engineered massive public rescues of failing private companies; ratcheted down interest rates to zero; lent to mutual funds, hedge funds, foreign banks, investment banks, manufacturers, insurers and other borrowers who had never dreamed of receiving Fed cash; jump-started stalled credit markets in everything from car loans to corporate paper; revolutionized housing finance with a breathtaking shopping spree for mortgage bonds; blew up the Fed's balance sheet to three times its previous size; and generally transformed the staid arena of central banking into a stage for desperate improvisation. He didn't just reshape U.S. monetary policy; he led an effort to save the world economy.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Person of the year 2009- Ben Bernanke

    I cant wait for the audit of him and his cronies.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Goldenboy219 View Post
    Ben Bernanke - Person of the Year 2009 - TIME



    Could not have picked a better person in 2009. The man's actions saved the financial system from utter collapse.
    Man of The year doesn't have anything to do with doing someting good.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Person of the year 2009- Ben Bernanke

    And after reports yesterday that inflation is rearing its ugly head. Great job Ben! We're still in a recession yet you get praised.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by phattonez View Post
    And after reports yesterday that inflation is rearing its ugly head. Great job Ben! We're still in a recession yet you get praised.
    Care to elaborate?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by phattonez View Post
    And after reports yesterday that inflation is rearing its ugly head. Great job Ben! We're still in a recession yet you get praised.

    sign of the times....maybe they were just trying to emulate the Nobel committee.


    j-mac
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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by j-mac View Post
    sign of the times....maybe they were just trying to emulate the Nobel committee.


    j-mac
    What is your issue with the chairman?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Person of the year 2009- Ben Bernanke

    HAHAHAHA, yeah sure. That's like giving the Nobel Peace Prize to a sitting President conducting massive war operations and occupational tactics.
    You know the time is right to take control, we gotta take offense against the status quo

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Ikari View Post
    HAHAHAHA, yeah sure. That's like giving the Nobel Peace Prize to a sitting President conducting massive war operations and occupational tactics.
    Stalin and Hitler were Men of The Year. It has nothing to do with accomplishing anything good.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Person of the year 2009- Ben Bernanke

    Ben's got nothing on this man



    Robbery

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