Credit crunch reality


America will beat this crisis and emerge as an economic powerhouse once more. Politicians and policy-makers will rush to claim credit. But the US recovery, when it comes, will be driven by the grit, talent and hard work of ordinary American people. It will happen in spite of, not because of, the actions of Bernanke and his ilk.

– Liam Halligan, 'Four more years of Bernanke is a problem, not a solution'