Ben Bernanke Photos - U.S. Treasury Secretary Henry Paulson (C) and Federal Reserve Bank Chairman Ben Bernanke (R) testify before the House Financial … Every American has got to be more vigilant and got to ask themselves, if I don't understand all the complicated language on this agreement, if I don't understand what's going on, I better work to understand that and make sure that I don't get myself overextended to the point where I can be seriously hurt by a reversal in markets or a downturn. The style is a little curious at times. Second, they note that the US system of financial regulation has barely been reformed, despite the many weaknesses revealed by the crisis. And smart supervision at the Federal Reserve and other agencies that oversee the financial system is really important to keep our system stable. The Three Musketeers remain positive about some elements of the post-crisis programme. They are a little coy about the identity of those “redundant agencies” but the Commodity Futures Trading Commission must be on their list. Treasury Secretary Henry Paulson must have thought Wall Street was a tough crowd. That is … James B. Stewart writes, One of the more intriguing questions Professor Ball tackles is why Mr. Paulson, rather than Mr. Bernanke, appears to have been the primary decision maker, when sole authority to lend to an institution in distress rests with the Fed. And that's a forever challenge. The firm doesn't exist to survive to another day. Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping the pool for mortgage guarantees to relieve skyrocketing home foreclosures. It is noteworthy that they have been able to reach consensus on quite a radical programme. The deficit is too high, at a time when the economy is growing healthily. It’s a grand claim but perhaps the best of them achieve something close to that. And next time we may not be as fortunate in the quality and resourcefulness of our crisis managers – or in the wisdom of their political masters. But the money came back with a profit. It never goes away. Bernanke, Paulson and Geithner: 10 years ago, they navigated the Great Recession. TIMOTHY GEITHNER: Yeah, we didn't - the three of us were not the arbiters of justice on the criminal side. They have to constantly evolve and adapt. All three published lengthy memoirs explaining why they did and didn’t, do what they did and didn’t do – inevitably, with a degree of self-justification in each case. You're never going to get credit for avoiding a collapse precisely because we avoided a collapse of the economy. U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly to put in place a $700 … It’s a grand claim but perhaps the best of them achieve something close to that. The second draft of history is often written by the key people themselves. And it's just essential, you know, for - to continue to create jobs, for people to to get the loans they need to send their kids to college, to buy a car, to buy a home. Quite how that would work is left unclear but the idea is worth further thought. Everyone knows that Paulson and Bernanke's actions have been ineffective.. And they have been dishonest.For example, a New York Times article says that Paulson knowingly lied to Congress, and many people believe that Paulson has treated the U.S. like a banana republic. The Bernanke, Paulson, Geithner pitch book to once again unshackle the Fed from its already loose moorings and turn it back into an unlimited money spigot to bail out Wall Street’s corrupt practices, began last year when they also invoked the heroic garb of firefighters, making the rounds of …

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