How Bernanke Staged a Revolution

In FDR-like fashion, Ben Bernanke, Chairman of the Federal Reserve, has expanded his powers in order to better cope with the economic crisis. To many people's chagrin, including the four other politically appointed governors of the Fed, Bernanke has adopted emergency powers in order to extend his sovereignty over the Fed's actions. Although there is a large portion of the public that questions the Fed's current undertakings, there is no doubt that Bernanke has transformed the organization from a slow-moving, indecisive structure into an action-oriented body that is working hard to combat the financial crisis.