Leave it to Federal Reserve Chairman Ben S. Bernanke to make obsolete almost everything his predecessor, Alan Greenspan, did to win investors’ confidence.
It was only 14 months ago, during the first signs of credit seizing up, that traders assumed Bernanke’s Fed would get the bear to retreat once again after deploying the Greenspan Put: So called because the former chairman’s practice of lowering interest rates and allowing money to flow to prop up securities markets enabled Greenspan followers to liquidate their stocks as if they had a put option.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
