First Jim Cramer said that Ben Bernanke was the greatest Federal Reserve chairman ever. Now Jack Welch, former CEO of General Electric (GE) and, by the measure of many, one of the great CEOs of the last 50 years, tells CNBC that "I think he saved the system, I think he's a national hero. I think Bernanke seems to be a guy operating on a clear intellectual framework. This guy's done a hell of a good job."
The coronation may be premature. The credit crisis seems to be over, but the International Monetary Fund says that it still expects hundreds of billions more dollars in bank write-offs, which could cripple the credit system again.