Bernanke bright "family property": the financial crisis blowing away Jinsan Cheng personal assets.

The Fed released documents show on Tuesday, in the face of the financial crisis brought about by the enormous impact that Federal Reserve Chairman Ben Bernanke's personal assets has not survived, the past year Ben Bernanke and their families in serious financial assets shrink, the market value of up to 29%.

According to reports, Ben Bernanke Pengboshe last year for the annual salary of $ 19.13, their personal and family financial assets fell to 85.2 million ~ 176 million, compared with 2007, 160 000 ~ 248 million market value interval serious shrink. According to the provisions of Ben Bernanke need only declare certain assets.

The Fed files displayed in the asset details form, the name of Ben Bernanke's two financial assets to TIAA CREF traditional retirement annuities and stock-fund, in 2007 the value of an asset are $ 50, 000 ~ 100, but last year the value of the assets substantially shrunk, dropped to $ 25 million ~. Ben Bernanke at pension account investment company United States Beled a high-yield bonds, currently only 1.5 million ~ 5 million. It is reported that this type of high-yield bond in 2007 by Merrill Lynch manage, since the financial crisis intensified, the relevant sector is Merrill Lynch managing company mergers and acquisitions, related notes also reverted to Beled management.

Ben Bernanke's personal financial situation report shows that last year he sell the vast majority of individuals holding Canada bonds, these assets last year, the market value of only $ 0 ~ 1001, and a year ago that the market value of $ 5 million to 10 million. In addition, in the report submitted to the Federal Reserve, Ben Bernanke said in the last year did not carry any debt, hold any stock and accept any gift.

In 2006, succeeding the former Fed Chairman Alan Greenspan before as Princeton University economics professor, Ben Bernanke published a textbook, royalty income of $ 5, 000 ~ 10. As Federal Reserve Chairman Ben Bernanke in 2007 after the publication of the second textbook royalties increased, their personal income interval in disclosed royalty of 10, 000 ~ 100 k.

United States Government expressly provides that the Federal Reserve Board members shall not hold directly related to banks and financial institutions, stock, Ben Bernanke and the Fed are through the purchase of related mutual fund cleverly bypassing this provision. In the individual financial assets shrank significantly, royalties as Ben Bernanke's second-largest source of personal income.