Ben Bernanke's Theme Song
Debaser.
What Bernanke listens to every night before going to bed.
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Photos of Bernanke as a teenager growing up in South Carolina:
Debaser.
What Bernanke listens to every night before going to bed.
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Photos of Bernanke as a teenager growing up in South Carolina:
'Expecting the U.S. to balance its budget is like expecting my Rottweilers to hoard sausages.'
'You are under oath right now, Maria.'
Heated discussion of the Hank Greenberg case. Solid entertainment. Start watching at the 10-minute mark. Runs 2 minutes from there.
"Jon Corzine is an ex-senator, ex-governor — well-connected — I walk away thinking, if you’re one of those elites, you’re above the law..."
TAG - The unknown banking subsidy.
In the case of JPM, the hundreds of billions of dollars in new deposits helped to fuel the speculative mischief we now know as the “London Whale” trade. Faced with vast amounts of cash that the bank could not deploy in the loan market, JPM instead gave the TAG funds to the JPM office of the chief investment officer. The London-based trader Bruno Iksil and his colleagues gambled the excess funds generated by TAG in the derivatives market, causing a significant financial and reputational loss for the bank.