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“Anybody But Summers”: Reflections on Bernanke and Possible Replacement

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By Barry Ritholtz - August 24th, 2009, 9:15AM

Excerpt:

While initially slow to respond to the crisis and arguably a contributor to its rise as Fed governor, Bernanke nonetheless deserves credit for avoiding total disaster and thus another term as Fed chairman, says Barry Ritholtz, CEO of FusionIQ and author of Bailout Nation. Bernanke has “done a much better job than Alan Greenspan,” he says, if only because Bernanke listens to other voices whereas Greenspan famously ignored warnings from (among others) former Fed Governor Ed Gramlich about problems in subprime lending in the mid-2000s.

Source:“Anybody But Summers”: Reflections on Bernanke and Possible Replacement
Aaron Task
Yahoo TechTicker, Aug 21, 2009 11:30am EDT
http://finance.yahoo.com/tech-ticker/article/309095/”Anybody-But-Summers”-Reflections-on-Bernanke-and-Possible-Replacements

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Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to ““Anybody But Summers”: Reflections on Bernanke and Possible Replacement”

  1. VangelV Says:
    August 24th, 2009 at 12:14 pm

    Bernanke is a clueless incompetent who gets far more respect as an academic than he deserves. He is supposed to be an expert in the Great Depression but has shown to be totally clueless about its cause and its end. His actions and words have shown him to believe that central planners can run the economy and that he believes that he knows far more about economics and the economy than he actually does.

    The Fed is a dangerous institution that does far more harm than good. As such, it should be abolished.

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