Monday, March 22, 2010
Ben Bernanke
The Chairmen of the Federal Reserve as well as 2009 Time Magazines man of the year is looked at the hero for this crisis. He is wordly respected by all who know him and made crucial decisions to save the economy from a depression. In college he studied everything about the depression in the early '30s . He called for a confrence late one friday evening with all the major players in the economic world such as CEO's and Secretary of Treasury Hank Paulson of the Bush administration. He realized what kind of trouble Bear was in and simply said if we do not do anything now there will be no economy on Monday. His idea to save Bear Stearns saved our nations economy and many jobs. Without Bernanke there is no telling where the economy would be.
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