Why did Time Magazine award Ben Bernake Chairman of the Fed Res Bank; Person of the Year award?


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http://articles.cnn.com/2009-12-16/us/time.bernanke_1_ben-bernanke-world-economy-lawrence-h-summers?_s=PM:US http://associatedcontent.com/article/2506079/ben_bernanke_man_of_the_year_or_scam.html?cat=62 Is this hypocrisy at its worst? Bernake has been the head of the U.S Fed bank for more then 11 yrs, he...


Answer (6):

grandma zaza

Back to the documentary "Inside Job."

Bernake handled the financial crisis with such mismanagement that he actually made it worse. This was done in order to take out Bear Sterns and Lehman Brothers, Goldman Sachs largest competitors.

Time magazine is nothing more than an opinion piece. There is no real news in that publication. I really don't know what their agenda is anymore.

**Sageandscholar......Bernake worked for Goldman Sachs prior to positioning himself so that he could collapse the system FOR Goldman Sachs. We have a very corrupt government.

CRASH JP MORGAN BUY SILVER - BOB

The Time Magazine award is almost as shameful and pathetic as the Nobel Prize Awards Committee. Look at what the Nobel prize people did; a Nobel prize for calculating the risk of derivatives. Look at what happened to Long Term Capital Management. Derivatives are just a fancy kind of Ponzi scheme. Credit Defaut Swaps are just a fancy name for insurance fraud. I think perhaps BP made a huge profit from the Gulf of Mexico oil spill - CDSs - insurance FRAUD. Deregulation? The regulation of the markets should have been INCREASED.

A Nobel Prize for Game Theory? The same Game Theory that assumes there is no such thing as love and compassion! The same Game Theory created by a paranoid schizophrenic - gimme a break!!!

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Sageandscholar

Bernanke became a governor of the Federal Reserve in Sept 2002, and became chairman in Feb 2006. Either way that is not 11 years.

Brig. Gen. Sir H. Flashman

It's not an "award" - Hitler was Person of the Year too, you know.

cbob

Time is the worst rag on the planet.

Sit

Because apparently they see hyperinflation as an honorable thing nowadays.