Archive for the ‘Ben Bernanke’ Category

  • Fed Examines Swaps Deals by Goldman and Others
  • Goldman probed over crisis in Greece
  • Q&A: Goldman in line of fire
  • Spain battles to shore up plan’s credibility
  • GMAC Bankruptcy Would Have Cost Treasury $50 Billion
  • Merrill Lynch Guaranteed Ford Annual Pay of at Least $2 Million
  • Madoff Aide Bonventre Becomes Sixth Charged in Fraud Read the rest of this entry »
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  • Obama’s $90 Billion Bank Fee May Be Revised by Panel
  • The Euro’s Next Battleground: Spain
  • At Toyota hearings, auto safety agency feels the heat
  • Hoping to prevent stock meltdowns, SEC passes short-selling rules
  • Fed chief Bernanke expects extended hold on interest rates
  • Hummer Faces Shutdown After Chinese Sale Collapses Read the rest of this entry »
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  • EU Reaches Greek Accord, Will Apply Strict Rules, Officials Say
  • Goldman Cuts Euro Target on ‘Most Threatening’ Crisis
  • AIG Pay Plan: Rank and Rile
  • Wall St.’s Biggest Bonuses Go to Not-So-Big Names
  • Bernanke Lays More Groundwork for Exit Without Giving Timetable
  • Credit Suisse says 2009 bonuses average $135,000
  • TARP Panel: Small Banks Are Facing Loan Woes Read the rest of this entry »
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  • Bernanke May Have Harder Fight Defending Fed After Confirmation
  • Top Bankers Huddle on Regulation Talks
  • DAVOS: Bank Of America Is Not Too Big, Says CEO
  • Euro Falls to Six-Month Low Versus Dollar on Greek Debt Concern
  • Greek Debt Swap Counterparty Risk May ‘Spook’ Market
  • AIG Gets Strong Response on Bonus Cuts
  • AIG Draws $2.4 Billion From Fed Credit Line, Most Since October
  • Bank Tax Is Knotty Issue for New York’s Senators
  • Barclays Says Lehman Owes It $3 Billion on Brokerage Deal

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  • Bernanke Gains Senate Backers as Reid Sets a Procedural Vote
  • US’ Geithner, NY Fed defend actions on AIG payments
  • Geithner, Paulson Head to Hill to Defend AIG Bailout
  • Roubini Pessimistic on Euro Area, Calls Spain a Risk
  • Carlyle’s Rubenstein Warns Against Roubini Pessimism in Davos
  • Barclays’s Diamond Calls for Coordinated Bank Rules
  • Global economy ‘not out of the woods yet’ Read the rest of this entry »
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  • Bernanke rallies more Senate votes for confirmation
  • Probe into NY Fed over AIG disclosure
  • SEC Wants Rajaratnam to Turn Over Wiretaps in Civil Case
  • Barclays CEO Varley Tells Staff Obama Plan Impact To Be Small
  • Wilbur Ross Prepared to ‘Go All the Way,’ Buy Stuyvesant Town
  • Credit-Default Swaps Rising to Five-Week High: Credit Markets Read the rest of this entry »
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  • White House Is Confident Bernanke Will Be Confirmed
  • Davos bankers to lobby against Obama reforms
  • Darling reveals frustration over Obama bank plan
  • Goldman Said to Limit London Partners’ Compensation
  • Barclays to defer all top bonuses
  • AIG Analysis Reveals Bank Discussions
  • Wal-Mart to cut 11,200 jobs at Sam’s Club stores
  • Tishman Venture Gives Up Stuyvesant Project
  • Cameron’s ‘Avatar’ Becomes 2nd-Highest Grossing Movie Read the rest of this entry »
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  • Republican Brown Wins Massachusetts Seat in ‘Tsunami’ Election
  • Bernanke Seeks to Defuse Criticism Over AIG With Call for Audit
  • New York Fed Says AIG Phrase Marked for Deletion Was Inaccurate
  • Pandit’s gambit
  • Pandit Is Running Out of Time to Clean Up Citigroup
  • Morgan Stanley Reports Full-Year and Fourth Quarter Result
  • Bank of America Announces 2009 Net Income of $6.3 Billion
  • Bank Of America 4Q Loss Narrows Amid Merrill Results Read the rest of this entry »
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  • Billionaire’s Ex-Wife Hires New Lawyer in Civil Suit
  • Goldman Sachs teams could quit the City over taxes and regulations
  • Bonus tax provokes new action
  • Harvard’s Feldstein: Risk Economy Will Run Out Of Steam In ‘10
  • Bernanke calls for stronger financial regulation
  • Fed Chief Edges Closer to Using Rates to Pop Bubbles
  • ‘Avatar’ Is Top Film, Nears $1 Billion Sales Mark Read the rest of this entry »
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  • Bernanke’s Confirmation Support Runs 3-1 in Favor in Senate
  • Top hedge funds bet on big rise in yields
  • AIG executives’ promises to return bonuses have gone largely unfulfilled
  • Geithner-U.S. job growth unlikely before spring
  • Stanford again seeks bail, Lawyers say he risks ‘breakdown’
  • Moody’s warns of possible sharp sell-off in sovereign debt
  • Rajaratnam Lawyer Opposes Request for Summer Trial on Galleon
  • Buffett Sells Moody’s Shares for Sixth Time After Profit Drop
  • Fortress’s Intrawest Said to Be in Talks on Buyout Loan Payment
  • Microsoft Must Alter Word or Stop Sales, Court Says Read the rest of this entry »
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  • As Goldman Thrives, Some Say an Ethos has Faded
  • An Unwelcome Spotlight Falls on SAC Capital
  • Person of the Year 2009: Ben Bernanke
  • Citigroup Says Abu Dhabi Seeks to End Share Purchase
  • Citi: Abu Dhabi Investment Authority Claim Without Merit
  • A Tax Break for Citigroup With Payback of Bailout
  • Fed May Raise U.S. Economic Assessment, Affirm Near-Zero Rates
  • Rajaratnam, Chiesi Indicted for Conspiracy, Fraud
  • Credit Suisse to Pay U.S. $536 Million in Iran Probe Read the rest of this entry »
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  • Goldman bonuses to be in shares amid effort to quell public anger
  • BofA sells $19.3 billion of securities for TARP repay
  • Bank of America’s $19.3 Billion Is Biggest U.S. Sale Since 2000
  • Bernanke May Get Second Term at Fed Shorn of Bank Supervision
  • Citigroup Said to Need Treasury Stake Sale Before TARP Payment
  • Citigroup Stands Alone
  • Rajaratnam Investigated Decade Ago
  • Geithner says need to cut budget deficit
  • Wall Street Transaction Tax Proposed by Democrats Read the rest of this entry »
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  • Goldman Takes Offensive on Pay
  • Lewis and TARP
  • Bernanke confirmation hits new hurdle
  • Barclays Said to Plan Salary Increases, Lower Bonuses
  • NY Fed’s Sack: Larger Fed Balance Sheet Does Have More Risk
  • Stanford Offshore Investors Suspected of Cheating IRS on Taxes
  • Comcast Gains Majority Stake in NBC With GE Venture
  • GM’s CEO Search Won’t Be Easy Ride
  • Pay Limit May Hinder Search for a G.M. Chief Read the rest of this entry »
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  • BofA Breakup Is New Snag in CEO Hunt
  • Bernanke to defend his record and the Fed’s
  • Bernanke Has Support of Majority of Senators on Banking Panel
  • SEC Steps Up Insider-Trading Probes
  • U.S. Taxpayers May Reap $3.17 Billion in TARP Warrant Auctions
  • GM fires CEO Henderson. The board wants an outsider.
  • Rothstein Charged in Ponzi Scheme
  • Wells Fargo to shut 122 branches in state
  • Merrill Sued by Client in Hong Kong Over $13 Million in Losses Read the rest of this entry »
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  • Senator opposes Fed chief Bernanke renomination
  • Shhh! Wall Street is Spending Again
  • UAE central bank sets up emergency facility for banks
  • Crisis Puts Focus on Dubai’s Complex Relationship With Abu Dhabi
  • Dubai Default Swaps Show No Distress on Bailout Bets
  • U.A.E. Blocks Sunday Times Over Coverage of Dubai Debt Crisis
  • London Times Back on U.A.E. Newsstands After Sunday Edition Pulled
  • Bank of America Trims Salary for 2 Top Executives
  • UBS threatens to move HQ from Switzerland: report
  • U.S. Treasury to Push Lenders to Finish More Home Modifications
  • RIP: Fred Joseph, Former Drexel Burnham CEO, Dies at 72
  • RIP: Ari Kiev, a Psychiatrist, Dies at 75 Read the rest of this entry »
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Oh to have been a fly on the wall at this meeting:  Apparently frustrated over resistance to the Obama administration’s plans to revamp financial regulations, Treasury Secretary Tim Geithner treated an all-star cast of regulators attending a Treasury Department meeting last Friday to  an expletive deleted laced rant  according to the Wall Street Journal.  It’s not exactly clear what naughty words the potty mouthed Geithner spewed at the meeting, but they were apparently plentiful  — although supposedly not pointed at anyone specific (uh huh) –  that included Ben Bernanke, Sheila Bair, Mary Schapiro and Gary Gensler among others. Read the rest of this entry »

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Break out the popcorn and grab a front row seat, because we suspect that this show  will probably have some fireworks:  Ken Lewis testifies in D.C. tomorrow about how the Merrill Lynch deal went down.  Turns out there’s email  evidence that Ben Bernanke engaged in some arm twisting to get the deal done……. Read the rest of this entry »

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Here’s the text of Ben Bernanke’s testimony before the congressional budget committee…..

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Ben Bernanke

US News and World Report has put together a list of 10 thinks you didn’t know about Fed chief Ben Bernanke. (We knew some of them).  Here are a few from their list:

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Ken LewisKen Lewis’ February testimony to Andrew Cuomo et al:  According to this morning’s WSJ, based on statements that Ben Bernanke and Hank Paulson were said to have been made to him, Ken Lewis believed that he was supposed to keep mum about Merrill Lynch’s financial woes, even though he risked not publicly disclosing material financial information about the increasingly risky merger to his shareholders.  It was either that, or “impose a big risk to
the financial system”.  But according to statements from Bernanke and Paulson, it’s not all that clear who said what and how Lewis’ arm might have been twisted….

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Those $3.6 billion in Merrill Lynch bonuses that were paid out early seem to have disappeared from the front page thanks to the likes of AIG and the auto bailout.  But Dennis Kucinich, chairman of a subcommittee of the House of Representatives' Oversight and Government Reform Committee, is all over it now:

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