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(kāi)
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(kāi)財(cái)富Plus App
久久国产加勒比精品无码| 小小拗女性BBWXXXX国产| 日韩一二三区免费视频春色AV| 少妇久久久久久人妻无码| 国产一级片内射视频播放| 日韩毛片高清在线观看| 久久久亚洲欧洲日产国码a| 国产日韩欧美欧美精品一区二区| 一二三四在线观看高清| 少妇人妻综合久久中文字幕| 天天视频一区二区三区| 羞羞色男人的天堂国产| 国产A∨国片精品青草视频| 91久久天天躁狠狠躁夜夜| 亚洲色婷婷综合开心网| 国产VA免费精品高清在线观看| 91偷拍一区二区三区精品| 狠狠躁夜夜躁人人爽天天不| 精品国产一区二区三区AV性色| 国产日韩欧美久久精品| 久久久久亚洲Av专区首页| 欧美久久久久久久久中文字幕| 欧美黑人疯狂性受XXXXX喷水| 丁香综合五月天亚洲日韩欧美| 亚洲日韩精品国产一区二区三区| 久久麻豆精亚洲AV品国产| 无码精品视频一区二区三区| 日韩一区二区三区不卡| 被猛男伦流澡到高潮h| 日本高清视频中文无码不卡| 97精品国产97久久久久久免费| 野花视频在线观看免费观看最新| 男人的天堂色欲网| 中文字幕欧美人妻精品一区| 欧美激情国产精品视频一区| 国产一区二区精品久久岳| 亚洲国产精品成人综合| h精品无码动漫在线观看| 人妻熟妇久久久久久XXX| 亚洲成A人V欧美综合天堂| 色欲久久久天天天综合网|