Bob McCarty Writes

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‘Helicopter Ben’ Reborn as ‘Banana Ben’ Bernanke

March 26th, 2009 · No Comments

Ben Bernanke earned the nickname “Helicopter Ben” for comments he made in a November 2002 speech, Deflation: Making Sure “It” Doesn’t Happen Here, delivered at the National Economists Club in Washington, D.C.  More than six years later, some are wont to apply a new nickname, “Banana Ben,” to the Federal Reserve chairman.
He has earned the [...]

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Treasury Secretary Addresses Crisis in Markets

September 19th, 2008 · 4 Comments

Offering the basis for what might one day become a reality television show, Treasury Secretary Henry M. Paulson Jr. delivered “Extreme Makeover: Financial Markets Edition,” the name I apply to the statement he delivered in Washington, D.C., this morning:
“Last night, Federal Reserve Chairman Ben Bernanke, SEC Chairman Chris Cox and I had a lengthy and [...]

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CNBC’s Cramer Says Markets in Meltdown, ‘Armageddon’

August 6th, 2007 · 2 Comments

Wall Street has seen stock markets reach record highs in recent weeks and, conversely, experience 400-point drops (a.k.a., “corrections). So what does the future hold for American homeowners and stock market investors?
According to Jim Cramer, host of Mad Money, Federal Reserve Chairman Ben Bernanke’s wrong moves have brought propelled some market sectors into economic [...]

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