TIME picks Fed chairman Ben Bernanke as ‘Person of the Year’

By Branko Brkic 17 December 2009

TIME magazine has announced its 2009 “Person of the Year” – and it is US Federal Reserve Bank chairman Ben Bernanke. As the editors wrote in their latest issue: “Bernanke didn't just learn from history; he wrote it himself and was damned if he was going to repeat it. Bernanke decided to do the opposite of what the Fed did back in the '30s: he would loosen the money supply as far as it would go, he would save as many banks as he could, and he wasn't going to hector the American public about pulling up their socks.” Read more at Time