成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
Bernanke: Too big to fail

Bernanke: Too big to fail

Colin Barr 2010年01月27日

????By Colin Barr

????Just a year after he unleashed a flood of dollars in a bid to prevent a second Great Depression, Ben Bernanke's job is on the line. More than a dozen senators have said they will oppose the Fed chairman's reappointment after his first term ends on Jan. 31. The rest of the vote counting is still in question.

????"Bernanke is caught in a crossfire, because bashing Wall Street is awfully popular politically right now," said Desmond Lachman, a resident fellow at the American Enterprise Institute in Washington. "That's the way the winds are blowing this month."

????Yet even Bernanke's most vocal detractors expect him to survive the populist revolt -- largely because of fears that a change will scare the heck out of financial markets.

????"I expect him to get confirmed," said Michael Pento, a critic of the Fed's easy money policies who is senior market strategist at Delta Global Advisors in Huntington Beach, Calif. "Anyone sitting on the fence saw what happened in the market last week and said, I don't think I want to be the one who pulls the rug out from under the economy."

????Stocks dropped 5% in the last three days of last week, their biggest drop since the market rally began last March. (They managed a slight gain Monday as Bernanke's chances brightened a bit.)

????The drop was hardly shocking, given that it came after the blue-chip S&P 500 index had boomed more than 70% off its March low.

????Even so, supporters aren't missing any chances to warn of the risks in opposing Bernanke.

????White House spokesman Robert Gibbs said this weekend that senators should "support some of that stability in our financial system by ensuring the renomination of the Fed chairman."

????It's true that the stock market rally over the past year accompanied a massive improvement in the credit markets that was abetted by Bernanke's policies, including the adoption of near-zero short-term interest rates.

????Bernanke's policies created big interest rate spreads that allowed the big banks to mint profits, a surprise given the panic this time in 2009.

????"A year ago people would have been pleased to know the banking system was doing so well," said John Toohey, vice president for equity investments at USAA Investment Management.

????But those profits also permitted the banks to pay large sums to their employees when much of the rest of the economy remained flat on its back. Lending to small businesses, which are among the major engines of job growth, has been tumbling at most of the biggest institutions, all of which received government help during the meltdown.

????If big bonuses and shrinking loan books don't play well in Congress, more attention is also being paid to Bernanke's role in promoting the policies that led to the inflation of the credit bubble earlier this decade.

????Bernanke was a Fed governor between 2002 and 2005 before taking the chairmanship on Feb. 1, 2006, when Alan Greenspan retired. He briefly served as an economic adviser in the administration of President George W. Bush.

????Some skeptics warned at the time that Greenspan's policy of keeping interest rates low when the economy began recovering risked an orgy of speculative and wasteful lending.

????That boom having now collapsed with disastrous consequences, the skeptical view has become commonplace. But Bernanke insisted in a speech this month that Fed policies weren't to blame.

????That speech was "scary, because it makes you wonder if Bernanke really has learned anything from the crisis," Lachman said.

????Regardless of his past missteps, many investors contend that Bernanke has been at the helm for so long that it simply makes no sense to throw him overboard now, and risk being thrown back onto the shoals of official indecision.

????"What businesses need is for policymakers to slow down, be consistent and allow their plans time to work," said David Kotok, who runs the Cumberland Advisors investment firm in Vineland, N.J. "The economy had a spiked fever and required radical surgery. Do we want to change the surgeon now that the patient is starting to recover?"

掃碼打開財(cái)富Plus App
国产91孕妇孕交17部| 国产免费AV片在线播放| 国精品无码一区二区三区左线| 国产女人爽的流水毛片| 中文一区二区三区久久久久国产| 在线观看91精品国产麻豆蜜桃| 亚洲AⅤ综合在线欧美一区| 午夜福利理论片在线观看播放| 国产 中文 制服丝袜 另类精品人妻| 男人j桶女人p免费视频| 国产无码精品在线观看| 日韩成人毛片高清视频免费看| 久久精品国产亚洲AV无码娇色| 天堂久久久亚洲国产一区 | 亚洲综合精品欧美在线一区二区| 日韩精品无码熟人妻我不卡| 熟女熟妇伦AV网站| 久久发布国产伦子伦精品| 日本乱偷人妻中文字幕4399| 欧美激情在线一区二区三区| 波多野结衣多次高潮三个老人| 波多野结衣教师在线| 狠狠躁夜夜躁人人爽天天5| 国产亚洲精品国产福APP| 久久久久国产精品嫩草影院| 久久亚洲国产成人精品性色| 色窝窝无码一区二区三区小说| 夜夜躁日日躁狠狠久久AV| 竹菊影视欧美日韩一区二区三区四区| 麻豆成人精品国产免费| 亚洲午夜国产成人Av电影| AV无码人妻一区二区三区在线| 亚洲丁香色婷婷综合欲色啪| 亚洲AV片不卡无码久久欣赏网| 国产午夜精品一区二区在线观看| 亚洲午夜久久久精品影院| 肉欲AV片精品一区二区| AV一区二区三区人妻少妇| 亚洲AV无码成人精品区在线播放| 亚洲国产欧美在线人成精品一区二区| 77777亚洲午夜久久多人|