Sunday, September 21, 2008

Article Summery

A Professor and a Wall Street Deal Maker Bury Old Dogma on Free Markets
reported by Peter Baker, Stephen Labaton and Eric Lipton, written by Mr. Baker. From the New York Times, sunday september 21 issue

The greatest financial crisis since the Great Depression has welded together two of the most unlikely and brilliant Wall street and Washington men to make the ultimate economy saving team. The authors of this piece describe Ben Bernanke, chairman of the Fed and Henry Paulson, the treasury secretary, as a powerfull team. Both have different personalities and backgrounds that make them the perfect pair. Bernanke is professor who spent his whole career studing the great depression. While Paulson was the head of Goldman Sachs for 10 years. Using Paulson as their public speaker and front man and Bernanke as their background economist mastermind, they won't go down without a fight. I really enjoed this article. It gave interesting personalities to the sometime machine like Wall street economists working day and night to prevent a deep global financial crisis.

2 comments:

Tenzin said...

sounds like an educational piece.
i like the thesis =]
people always seem more unified in time of crisis

Emily said...

Really well written!