Transcripts: Bernanke was ‘uncomfortable’ with Bank of America bailout

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Transcripts: Bernanke was ‘uncomfortable’ with Bank of America bailout

Transcripts: Bernanke was ‘uncomfortable’ with Bank of America bailout

CHARLOTTE, N.C. — Amid the financial crisis in January 2009, then-Federal Reserve Chairman Ben Bernanke told colleagues he was “uncomfortable” with providing extra aid to Bank of America. But he said he also wasn’t willing to draw a line on bailouts if it meant the failure of such a large firm, according to Fed transcripts released…

Klarman: Baupost’s Core Principles Have Helped The Fund Outperform

Seth KlarmanWhen Baupost, the $30 billion Boston-based hedge fund now managed by Seth Klarman, was founded in 1982, it was launched with a core set of aims. Q4 2021 hedge fund letters, conferences and more Established by Harvard professor William Poorvu and a group of four other founding families, including Klarman, the group aimed to compound Read More

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