Posts Tagged ‘Legacy’
Friday, June 8th, 2012
One of the popular theories on the internets (sic) is that Bernanke wants to goose the market to help get Obama re-elected since he wants to keep his job. That due to the comments continuously heard during the GOP primaries about how every candidate wanted to replace Bernanke. There is a piece in the WSJ overnight by Fed mole Jon Hilsenrath and while it is more dovish (by a degree) than his comments just 24 hours ago on CNBC (maybes someone at the Fed yelled at him), which has a very interesting blurb on this topic:
Mindful of his own legacy and the Fed’s independence, Chairman Ben Bernanke seems unlikely to allow the political calendar to sway his decisions. He appears especially immune from politics now, with just 18 months left in his term as chairman and little indication that he wants another.
Now if the U.S. is at a weak moment economically at the end of Bernanke’s term, and Obama is re-elected maybe Bernanke will be asked to carry on, but unlike a Treasury Secretary which might stay on an extra year while an economy is in a weak spot, once Ben commits he commits for many years. So I found this paragraph very interesting in light of the commentary about Bernanke wanting to retain his job. It would seen doubtful a President Romeny would come in and remove someone who at that time would only have 12 months left in his Fed chairman role. Especially if that someone did not want a new term.
That said, if Romney wins it seems to kill the chances for the heir apparent Janet Yellen if indeed Ben wants out. Yellen makes Bernanke look like a hawk. Anyhow, thought I’d pass it along as it was news to me.
p.s. The last angle of course is someone who has no aspirations past 18 months certainly carries a lot more freedom in his/her actions than someone who does!
Tags: Aspirations, Ben Bernanke, Blurb, Cnbc, Fed Chairman, Gop, Gop Primaries, Hawk, Heir, Janet Yellen, Legacy, Mole, Nbsp, Paragraph, Political Calendar, Romeny, Treasury Secretary, Weak Spot, Wsj
Posted in Markets | Comments Off
Friday, July 22nd, 2011
FT’s Jennifer Hughes considers the legacy of Lehman Brothers and how the continuing ramifications of its collapse will affect financial services companies well into the future.
Click here or on the image below to watch the video.
Source: Financial Times, July 20, 2011.
Monday, June 22nd, 2009
- When you love the work you do and the people you do it with, you matter.
- When you are so gracious and generous and aware that you think of other people before yourself, you matter.
- When you leave the world a better place than you found it, you matter.
- When you continue to raise the bar on what you do and how you do it, you matter.
- When you teach and forgive and teach more before you rush to judge and demean, you matter.
- When you touch the people in your life through your actions (and your words), you matter.
- When kids grow up wanting to be you, you matter.
- When you see the world as it is, but insist on making it more like it could be, you matter.
- When you inspire a Nobel prize winner or a slum dweller, you matter.
- When the room brightens when you walk in, you matter.
- And when the legacy you leave behind lasts for hours, days or a lifetime, you matter.
Special thanks to Seth Godin, for sharing this post.