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Ben Bernanke

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  • Don Knotts as Barney

    Stocks have gone too far too fast and are due for a retreat in an economy that will grow slowly, Pimco's Bill Gross said on CNBC.

  • House Moves to Extend Unemployment Benefits Monday, 21 Sep 2009 | 6:10 AM ET
    Unemployment Line

    Despite predictions the Great Recession is running out of steam, the House is taking up emergency legislation this week to help the millions of Americans who see no immediate end to their economic miseries.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    The Bush administration and Congress step up talks Sunday on an historic $700 billion bank bailout — racing the clock to stem further financial market turmoil.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Saturday begins another weekend of little rest for Wall Street or the U.S. government. A gigantic financial rescue plan is going to Congress. Democrats seek changes to the bill — including help for homeowners and a salary cap for CEOs. If the plan is approved, the government could purchase as much as $700 billion in mortgage-related assets from U.S.-headquartered institutions.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Friday, the market rollercoaster continues — and seems to end up nearly where it began. Panic in funds parallels equities. FDIC's Bair warns of more bank failures. But the SEC's short-selling ban gives financials a big boost.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    The Treasury plans to re-create the Resolution Trust Corporation. Calpers says it will no longer loan out shares of  Goldman Sachs  and Morgan Stanley to short sellers. Central banks worldwide announce plans to support money markets.

  • End the Fed, Save the Dollar: Ron Paul Thursday, 17 Sep 2009 | 10:31 AM ET
    End Fed by Ron Paul

    "Nothing good can come from the Federal Reserve," writes Texas Congressman Ron Paul in his latest book hitting shelves this week, titled "End the Fed." Paul makes the case that the Fed is the main culprit responsible for the current economic mess the country faces through the destructive policies of cheap credit and excessive money printing.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    AIG makes a deal with the Fed for loans up to $85 billion in exchange for a 79.9 percent stake in the insurer.  Barclays buys several Lehman businesses for $1.75 billion. WaMu is for sale. And the SEC announces rules against naked short selling.

  • Stocks Jump 1.1%, Led by Banks, Industrials Wednesday, 16 Sep 2009 | 5:13 PM ET

    Stocks rallied for a third day Wednesday, jumping more than 1 percent, as industrial production rose for a second straight month and weakness in the dollar boosted commodity and industrial stocks.

  • Stocks Advance as Oil Prices Top $71 Wednesday, 16 Sep 2009 | 10:55 AM ET

    Stocks continued to rise Wednesday, after major indexes hit new highs for the year Tuesday, as oil prices topped $71 a barrel and industrial production rose for a second straight month.

  • Warren Buffett's interview with Becky Quick marking the one-year anniversary of the height of the financial crisis aired in two parts on CNBC this morning and last night.   This is the transcript and video of the complete interview, including portions that did not air on TV in either part.

  • Futures Hold Gains; Energy Companies Rise Wednesday, 16 Sep 2009 | 8:05 AM ET

    Wall Street looked set for a higher open Wednesday, after major indexes hit new highs for the year Tuesday, encouraged by Federal Reserve chairman Ben Bernanke's remarks that the US recession was probably over.

  • Warren Buffett to Fortune: "We're Buying Stocks" Tuesday, 15 Sep 2009 | 10:41 PM ET
    Warren Buffett and Fortune's Carol Loomis at the magazine's Most Powerful Women Summit in Carlsbad, California

    Warren Buffett says he's buying stocks, but it's not because he thinks the recession is ending.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Tuesday, even "good" financials start out looking pretty bad: Goldman Sachs' earnings plunge and AIG scares investors again. But volatility makes the market hard to predict.

  • Bernanke: ‘Recession Is Very Likely Over’ Tuesday, 15 Sep 2009 | 4:41 PM ET
    Federal Reserve Board Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, Feb. 14, 2007, before the Senate Banking Committee hearing on monetary policy. (AP Photo/Dennis Cook)

    Fed head Ben Bernanke declared “the recession is very likely over at this point,” adding the phrase “from a technical perspective.” He said this during a question-and-answer session at the Brookings Institution today. Well, gee whiz golly.

  • US Economy Faces Big Test Next Month: Meredith Whitney Tuesday, 15 Sep 2009 | 10:21 AM ET
    Meredith Whitney

    The economy faces a big test next month when the government starts winding down its massive support programs, banking analyst Meredith Whitney told CNBC.

  • "The V-shaped recovery just got a badly needed shot in the arm today as the consumer is back in the game in a big way," said economist Chris  Rupkey.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    On Monday, the weekend's turmoil starts taking its toll. Stocks fall sharply Monday on a triptych of Wall Street woe: Lehman Brothers' bankruptcy filing; Merrill Lynch's acquisition by Bank of America; and AIG's unprecedented request for short-term financing from the Federal Reserve.

  • The Federal Reserve must guard against excessive behavior in the financial industry to avoid another financial crisis, Stephen Roach, chairman of Morgan Stanley Asia, said Monday.

  • This Day 1 Year Ago - A CNBC Special Report - See Complete Coverage

    Hurricane Ike takes a backseat to the the banking storm: BofA pulls out of Lehman to focus on Merrill Lynch. By late Saturday night, a deal has been drafted to acquire Lehman's bad assets and pave the way for an eventual sale of the firm.