RSS Feed

Calendar

December 2009
M T W T F S S
    Jan »
 123456
78910111213
14151617181920
21222324252627
28293031  

Search

Tag Cloud

Archives

Time (December 28)

2009/ 12/ 28 by jd in Global News

Federal Reserve Chairman Ben Bernanke was named Person of the Year. Time recognized Bernanke’s role in containing the financial crisis and preventing “an economic catastrophe.” Time does not believe Bernanke’s performance was flawless. Time is, however, convinced the financial crisis “would have been a lot worse” without aggressive action by Bernanke and the Federal Reserve.

 

Wall Street Journal (December 23)

2009/ 12/ 23 by jd in Global News

The U.S. House of Representatives passed legislation which would strip Mood’s, S&P and other nationally recognized statistical ratings organizations (NSROs) of their special status. The WSJ urges the Senate to approve similar legislation. Among the paper’s complaints: the NSROs awarded triple-A ratings to questionable mortgage-backed securities. The newspaper points out the “consequences for investors were catastrophic.”

 

New York Times (December 22)

2009/ 12/ 22 by jd in Global News

The New York Times urges Congress and President Obama to make jobs the top priority for 2010. Without new jobs, the economy may weaken. Without new jobs, the deficit cannot be fixed. With new jobs, the economy will strengthen, tax receipts will grow and the government will better be able to reduce the deficit.

 

[archive]