So, TIME magazine has selected Ben Bernanke as their person of the year. Two posts down, I make my personal case for or against all the contenders. I wrote that I believed that Bernanke and others in the top echelons of the banking industry ought to be in prison for what they did to destroy the economy and the savings of so many average Americans; all while paying themselves record bonuses. I admit, I haven’t yet read the issue to see what about this man was worthy of the recognition. Nonetheless, I doubt anything they write will change the contempt I feel for the man. How about you? What do you think of Ben Bernanke and his recognition as “Person of the Year”? Sound off in the comments. So, TIME magazine has selected Ben Bernanke as their person of the year. Two posts down, I make my personal case for or against all the contenders. I wrote that I believed that Bernanke and others in the top echelons of the banking industry ought to be in prison for what they did to destroy the economy and the savings of so many average Americans; all while paying themselves record bonuses. I admit, I haven’t yet read the issue to see what about this man was worthy of the recognition. Nonetheless, I doubt anything they write will change the contempt I feel for the man. How about you? What do you think of Ben Bernanke and his recognition as “Person of the Year”? Sound off in the comments. 3 Responses to “Ben Bernanke TIME’s Person of the Year”
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Apparently he has been recognized for preventing a total meltdown.
So he drove the family sedan into a lake and he gets an award for not driving it off a high cliff? This guy was asleep at the switch. His comments week by week as the meltdown began, show that he was woefully unaware of what was happening. He kept saying things like, “these institutions are fiscally sound and not in any danger of collapse”. And then when they did he said, “the risk to the greater economy is negligible. This is a problem in the housing market but will not impact areas outside the sector”. And on and on. He is the worst kind of incompetent. Or worse than that, he is complicit in the greatest theft of taxpayer $$ in history. As a former Goldman Sachs chief exec, don’t you find it interesting that GS and others were bailed out, but the first bank to collapse (and be explicitly denied government assistance) was Lehman Bros. – Goldman’s arch business rival? This guy ought to be in prison.
Funny, I didn’t see the record bonuses in the “Bernanke Doctrine.” Sounds like he could be up for a nomination of the posthumous Darwin Awards someday.