The Chairman who succeeded Greenspan.
(born December 13, 1953) Chairman of the Board of Governors of the United States Federal ReserveBernanke succeeded Alan Greenspan on February 1, 2006 He received a PhD in economics from the Massachusetts Institute of Technology in 1979.
His role is of equal importance as Paulson’s. Thankfully, both men lost their hair well before all this happened. At least one less sign available to be observed as both men are under tremendous pressure to fix the economy. Dr. Bernanke is on a hopeless task, and his theories, borne out his academic studies of the Great Depression, means that we will get a new sort of Great Depression. There is no easy solution; it is merely a situation where we choose which poison we want to take while the deleveraging goes on. My guess is that we see some combination of malaise plus inflation.
Bernanke got a new nick name Bernie Mac after Fed’s bailout of Freddie Mac and Fannie Mae.
But investors doubt that Bernanke will ever be the true inflation fighter and currency protector that his job requires.
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