Did you see the 60 Minutes interview with Ben...

Did you see Scott Pelley's interview with Federal Reserve Chairman Ben Bernanke? In the interview, Bernanke said the recession could end this year.

It was a fascinating interview and gave me a new perspective of this man. He grew up in Dillon, South Carolina in a middle class family. His father had a business on Main street in this small town. He hasn't forgotten his roots. His family home there, owned by another family, recently went through foreclosure.

Like many of us, he is outraged by the behavior of A.I.G.

For more on the interview: http://news.yahoo.com/s/ap/20090315/ap_on_bi_ge/bernanke60_minutes

Comments: 12

Lee P. Mar 15, 2009, 9:38pm EDT

I saw part of it. I hope he is correct and he might be.

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Brian T. Mar 15, 2009, 9:59pm EDT

Yes I saw it and found the interview interesting. I also watched PBS Front Line episode called Inside the Meltdown. It was one of the most interesting show I've seen today on the financial crisis. You can see the show yourself on line at the following address

http://www.pbs.org/wgbh/pages/frontline/meltdown/view/

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Kimber L. Mar 15, 2009, 10:26pm EDT

Missed it

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lea and... c. Mar 15, 2009, 10:29pm EDT

Now that they have stolen the treasury with his help and reduced most people with 401k to poverty they want revive the economy. Great!
I hope they send everyone cake to celebrate.

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Bob U. Mar 15, 2009, 10:37pm EDT

He also has a Ph.D in economics and is an expert on the Great Depression of 1928-1935. He knows what worked and did NOT work back then.

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Krystal Harwell Mar 15, 2009, 11:57pm EDT

I was going to watch it, but our converter box started to fade out and nothing came in... :(

Flying by so I can get to everyone that I can, sorry about the generics, but count this comment as a pitch in to my mom's birthday present, and her birthday is April 3. thanks, and thank you for being my gather friend and for sharing, making gather go round and round.

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Jan S. Mar 16, 2009, 12:22am EDT

I missed it, but I've just read the link above. I hope that it's true that we've averted a depression. I'm still steaming about AIG's news today.

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James C. Mar 16, 2009, 1:05am EDT

I did catch that interview. I hope that he is correct on the turn around as a lot of jobs and businesses depend on improvement to continue to exist!

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Pat D. Mar 16, 2009, 8:31am EDT

Jim: This 60 minutes interview was not for wall street, it was for the regular people that don't understand money and economics. The Wall street types don't care about this puff piece are waiting for the fed minutes that will be released later this week.
People who know money are more concerned about quantitative easing than some quaint story about a small town boy's rise to fed chairman.

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Rude D. Mar 16, 2009, 11:27am EDT

Yaaaaaa!
I am very optomistic.
But I feel too many repubs are praying for the fall of America least a BLACK PRESIDENT look like a success.

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Carla G. Mar 16, 2009, 12:22pm EDT

Rude, I know what you mean. I hope that they realize that they stand to lose much if Obama and his policies fail. But unfortunately it is all political with many of them--it's about the next election and not about the problems we're facing right now.

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Did you see the 60 Minutes interview with Ben Bernanke?

Comments: 12

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