February 24, 2024
You are here:  Home  >  Columns  >  Current Article

Dubroff: Bernanke’s Nobel a reminder that financial crises can be solved


Henry Dubroff
During the Great Depression, the Bank of A. Levy in Oxnard remained open while hundreds of others closed, because the Levy family, which owned the bank, was able prevent a bank run by assuring nervous borrowers that their savings were secure. Decades later, Ben A. Bernanke, an MIT-trained economist, had the insight that governments could…


    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.