Ben Bernanke

It came and went - and some might not have even noticed it - despite the seriousness of its use. On April 2, CNBC's Jim Cramer proclaimed the Depression over. Throughout that day, the "Mad Money" host told viewers of MSNBC's "Morning Joe," CNBC's "Street Signs" and finally on his own program that the Depression was over and that we were on the verge of a bull run for the financial markets. "We…

Business and Media Institute's Dan Gainor appeared on Fox Business News "Money for Breakfast" March 17 to discuss the Obama economic team's performance in the administration's first 50 days. Gainor dubbed Treasury Secretary Tim Geithner "the worst" because "when he came out and talked about the housing plan that he didn't have, the markets tanked." Ben Bernanke, Federal Reserve Chairman…

When Federal Reserve Chairman Ben Bernanke speaks, Wall Street listens - and investors should beware. The Dow Jones Industrial Average (DJIA) has lost over 2,500 points on days he has spoken, including three of the worst point losses ever. Today's drop in the Dow of 215 points is the 14th time out of the last 20 times the Dow has lost ground on a Bernanke has spoken over the past six months.…

Are the good folks at the New York Times breaking ranks and actually criticizing a decision by president-elect Barack Obama?Such seemed to be the case Tuesday when the Gray Lady published, on the front page of the business section no less, an article highly critical of proposed Treasury Secretary Timothy Geithner.Entitled "Where Was Geithner in Turmoil?", Andrew Ross Sorkin's piece actually…

For years NewsBusters and its affiliate the Business & Media Institute have agonized over the astounding economic ignorance of many press members who despite their lack of financial acumen have the gall to offer their unqualified opinions to the public.No finer example of a media member who should understand her limitations and keep her mouth shut during economic discussions was the Atlanta…

Gee, and I thought I might be pushing the envelope on September 28 when I expressed concern that the "bailout" with the made-up $700 billion price tag that turned into the pork-loaded "bailout" with the made-up $850 billion price tag "blackmail" (though "extortion" may be the more appropriate word). It is clear that this is indeed the case, at least twice over. First, there were the threats made…

As a result of the stock market collapse in the last four weeks, the economy has become the most important issue on the minds of voters.Yet, as Barack Obama has clearly benefitted in the polls during this period, the media have refused to examine the records of the two presidential candidates as it pertains to policy proposals they have recommended or supported that might have averted this crisis…

The shock and awe of the financial market meltdown is just beginning according to CNBC star Jim Cramer. Cramer on CNBC's Sept. 29 "Mad Money" cautioned viewers about the current market. His advice - do nothing because there's more pain to come if no rescue plan makes it out of Congress. As he put it: "sit on your hands." "Only those stocks that are sure enough to pull the trigger on until we…

This is Marcy Kaptur (D-Ohio): Last Thursday, she was at a House committee meeting (HT QandO) and started asking this guy some questions: The guy is Fed Chairman Ben Bernanke. The problem is, this is what she asked: The Ohio Democrat, at a House of Representatives Budget Committee hearing, said she wanted to know what Wall Street firms were responsible for the securitization of subprime…