Helicopter Ben
Bernanke is a modest income man with many rich opponents and critics. His decisions can take the economy or an industry through the roof.
In 2004, 05, 06 big games of deception in the Housing market took place and the outcome was terrible.
In 2008, it all came crashing down. "Wall Street", the Banks, Financial Institutions, and the world money market collapsed. Seven Trillion Dollars evaporated, and that only was the beginning.
Housing collapsed, Financial Institutions sold to banks, and Auto Industry bankrupted.
The Dow 14000 goes down to 6000 by March, 2009, Unemployment is 10.7%, The world looked to US Treasury and the Federal Reserve for help.
TARP was created to help the banks, AIG was bailed for 180 Billion Dollars, Auto Industry revamped, and the Feds "Quantitative Easing" Began, three trillion dollars.
"Don't fight the Fed" is the best advise any can give.
TARP all paid back but small amount. AIG's paid with profit of 27 Billion Dollors. Unemployment down to 7.8%, Auto industry is back and the DOW is 13000 by 2012.
The last decision of the Fed is to target unemployment to 6.5% and inflate the economy 2.5%.
So there is someone working on your behalf.
Say Happy Birthday to the man of this decade.....
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