Comments on: Why did Ben Bernanke support such a crappy plan? http://clubtroppo.com.au/2008/10/12/why-did-ben-bernanke-support-such-a-crappy-plan/ Sun, 12 Feb 2012 08:04:39 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Club Troppo » The end of the party or the start of a new one? Observations on the financial crisis. http://clubtroppo.com.au/2008/10/12/why-did-ben-bernanke-support-such-a-crappy-plan/#comment-328064 Club Troppo » The end of the party or the start of a new one? Observations on the financial crisis. Sat, 01 Nov 2008 04:32:07 +0000 http://clubtroppo.com.au/?p=6060#comment-328064 [...] this to the abysmal plans of the Americans (and I fully agree here with Nick’s observations though I am less positive about detecting some hidden brilliance in Bernanke’s support for [...] [...] this to the abysmal plans of the Americans (and I fully agree here with Nick’s observations though I am less positive about detecting some hidden brilliance in Bernanke’s support for [...]

]]> By: Patrick http://clubtroppo.com.au/2008/10/12/why-did-ben-bernanke-support-such-a-crappy-plan/#comment-323602 Patrick Sun, 12 Oct 2008 20:47:06 +0000 http://clubtroppo.com.au/?p=6060#comment-323602 Maybe not particulary weak, but I would bet a lot that Paulson is probably exceptionally strong of character and a very experienced and skilled negotiator. His resume might be subtitled something like" 'about being strong of character and developing very strong negotiation skills', after all! Maybe not particulary weak, but I would bet a lot that Paulson is probably exceptionally strong of character and a very experienced and skilled negotiator.

His resume might be subtitled something like” ‘about being strong of character and developing very strong negotiation skills’, after all!

]]> By: Nicholas Gruen http://clubtroppo.com.au/2008/10/12/why-did-ben-bernanke-support-such-a-crappy-plan/#comment-323540 Nicholas Gruen Sun, 12 Oct 2008 12:10:47 +0000 http://clubtroppo.com.au/?p=6060#comment-323540 I agree with you Ingolf. Perhaps Ben is strong of intellect and weak of character? (I have no idea I hasten to add - just a hypothesis.) I agree with you Ingolf. Perhaps Ben is strong of intellect and weak of character? (I have no idea I hasten to add – just a hypothesis.)

]]> By: Tel_ http://clubtroppo.com.au/2008/10/12/why-did-ben-bernanke-support-such-a-crappy-plan/#comment-323538 Tel_ Sun, 12 Oct 2008 11:58:55 +0000 http://clubtroppo.com.au/?p=6060#comment-323538 People are probably gonna write me off as a loon (if they haven't already) but I agree with George Washington on this one: http://georgewashington2.blogspot.com/2008/10/theres-no-difference-between-martial.html There's been a few jokes going around that the Mexicans are setting up border patrols to chase down illegal jobseekers and throw them back North over the border. I don't think it's funny, people aren't treating this with the seriousness that it deserves. By the way, I doubt Ben Bernanke ever was particularly independent. People are probably gonna write me off as a loon (if they haven’t already) but I agree with George Washington on this one:

http://georgewashington2.blogspot.com/2008/10/theres-no-difference-between-martial.html

There’s been a few jokes going around that the Mexicans are setting up border patrols to chase down illegal jobseekers and throw them back North over the border. I don’t think it’s funny, people aren’t treating this with the seriousness that it deserves.

By the way, I doubt Ben Bernanke ever was particularly independent.

]]> By: Ingolf http://clubtroppo.com.au/2008/10/12/why-did-ben-bernanke-support-such-a-crappy-plan/#comment-323528 Ingolf Sun, 12 Oct 2008 08:42:15 +0000 http://clubtroppo.com.au/?p=6060#comment-323528 Interesting, Nicholas. Like you, it seemed very odd to me that the bailout plan was the best Bernanke could come up with after a lifetime of preparation. Perhaps this is at least part of the answer. Mind you, even if this conjecture is correct, Bernanke was in at least as strong a negotiating position as Paulson. All he had to say was: "Mate, you can do that, but you'll have to do it without me." Not really an ideal time for switching Fed Chairman, I wouldn't have thought. Interesting, Nicholas. Like you, it seemed very odd to me that the bailout plan was the best Bernanke could come up with after a lifetime of preparation. Perhaps this is at least part of the answer.

Mind you, even if this conjecture is correct, Bernanke was in at least as strong a negotiating position as Paulson. All he had to say was: “Mate, you can do that, but you’ll have to do it without me.” Not really an ideal time for switching Fed Chairman, I wouldn’t have thought.

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