February 1: Washington, DC: Harvard and MIT grad Ben Shalom Bernanke becomes Chairman of the Federal Reserve…
–succeeding Alan Greenspan (chairman for nineteen years 1987 – 2006)…
Bernanke was formerly, Chairman of the U.S. President’s Council of Economic Advisors (the CEA).
Bernanke, grandson of a Baal–Koreh (a Torah reader) and Hebrew teacher in South Carolina
Benanke personally taught his son his Hebrew Bar Mitzvah lessons…
By June 2008 closing date of this volume, Bernanke would find himself with a burgeoning storm in the sub prime mortgage backed securities area coupled with an embryonic burgeoning credit–squeeze crisis, in–tandem potentially threatening the entire (global) financial system.
(We would ultimately be re–appointed his Federal Reserve job by the new president Barak Obama in August, 2009)