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...funds and other public and private bodies through guaranteed investment contracts and other products that protect participants in 401(k) plans. "We have no choice but to stabilize [it] or else risk enormous impact, not just in the financial system but on the whole U.S. economy," said Fed Chairman Ben Bernanke...

Author: /time Magazine | Title: How AIG Became Too Big to Fail | 3/19/2009 | See Source »

...program in the fiscal 2010 budget, a highly unusual move that would strip the bill from the usual committees of jurisdiction and give the program immunity from filibusters in the Senate. "I want them to having hearings. I want to lay it all out and look at it," Senator Ben Nelson, a Nebraska Democrat, said on Tuesday in explaining why he opposes the idea...

Author: /time Magazine | Title: Is Obama's Environmental Agenda Losing Out? | 3/18/2009 | See Source »

...ended with AIG posting a $61.7 billion fourth-quarter loss, the largest quarterly loss in corporate history. (If it is any consolation, senior managers in the financial-products division will make about 43% less in 2008 than they did a year earlier, according to the company.) As Fed Chairman Ben Bernanke put it, "It makes me angry. I slammed the phone down more than a few times discussing AIG. I understand why the American people are so angry. It's absolutely unfair...

Author: /time Magazine | Title: Obama's AIG Outrage: All Talk, No Action | 3/17/2009 | See Source »

...Ben Shalom Bernanke was born on December 13, 1953, in Augusta, Georgia, and raised in South Carolina...

Author: /time Magazine | Title: Federal Reserve Chairman Ben Bernanke | 3/16/2009 | See Source »

...Ben is a champion of transparency in monetary policy, but he also recognizes that there are limits to what we know about the economic forecast and what that means to monetary policy." - then-New York Federal Reserve chief Tim Geithner, who now heads the U.S. Treasury Department. (BusinessWeek...

Author: /time Magazine | Title: Federal Reserve Chairman Ben Bernanke | 3/16/2009 | See Source »

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