iOS app Android app

Ben Bernanke Europe

Horror Sequel: Echoes of 2008 in Europe's Crisis

Richard Barrington | Posted 08.21.2012 | Business
Richard Barrington

Geithner, Paulson and others succeeded in heading off a chain-reaction failure of U.S. banks, but the U.S. still is struggling to recover from the underlying economic fundamentals that caused the crisis in the first place.

Ben Bernanke: Fed Doesn't Have 'Authority' To Bail Out Europe

Posted 12.14.2011 | Business

WASHINGTON - Federal Reserve Chairman Ben Bernanke told Republican senators on Wednesday the Fed can't and won't provide bailout funds to support ...

Follow the Money: Behind Europe's Debt Crisis Lurks Another Giant Bailout of Wall Street

Robert Reich | Posted 12.05.2011 | Business
Robert Reich

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.