The Fed’s new man

 

Ben_Bernanke.jpgWhen the Chairman of the Federal Reserve speaks, the   world’s business leaders listen.  For the past 18 years they have hung on to every word of Alan Greenspan but this Tuesday the economic voice of America passes to a new man – the widely known and admired Ben S Bernanke, a 52 year old macroeconomist who joined the White House as chief economist last year.

Ben Bernanke is clever, very clever. An exceptional student throughout his life, he won the South Carolina state spelling bee when he was in the sixth grade and earned the highest score of any South Caroline student when applied to college. He received his degree in economic history (summa cum laude) in 1975 from Harvard University and received his doctorate in economics four years later from Massachusetts Institute of Technology and in more recent years was chairman of the Department of Economics at Princeton University.

According to John J. Xenakis, the journalist and analyst of world history, Bernanke is completely different from Greenspan. 

Sayd Xenakis: “Nowhere is the difference so apparent as when you contrast Bernanke’s ‘What me worry’ attitude toward economic bubbles with Greenspan’s genuine agony over the fact that his gut is tellinghim that we’re headed for a major financial crisis”

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One Response to “The Fed’s new man”

  1. Bamba Says:

    From Dr Bamba Demiond
    Abidjan,Ivoiry Coast,
    West Africa.

    Confidential message.

    Dear Sir.

    I am writing this mail to you from my residence
    because of how confidential it is, This letter
    contains some confidential materials and should be
    held confidential from your mail box.

    I am the director of international remittance in a
    the Bank of Africa here in Abidjan Cote D’Ivoire. I
    and my colleagues have an amount of 28 million dollars
    belonging to Gen Robert Guei who was shot dead
    together with all his family by the Government
    soldiers here on an accusation of plotting a failed
    coup de de tat. This money was 58 million dollars but
    some have been used in the importation of arms by the
    General until he met the unexpected death.

    I have all the necessary documents involved in the
    deposition and the withdrawal of the part of the money
    and the next of kin was his personal security guard
    who also met his death. Now I want you to stand as the
    next of kin and help us transfer this amount of money
    out from here. This business is 100% risk free and I
    will prepare all the documentation and prove the
    source of the fund before the transfer.

    I want you to know that this business involves I and 5
    top officials in our bank and must not be taken as a
    joke,I advice you get back to me for us to procced and
    note we need a very strong hand in this transaction.

    Your percentage and other important details will be
    discussed once I confirm your kind willinngness in
    helping in the transfer. I await your postive responds
    .

    Thanks.

    Dr.Bamba Demiond.

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