Former federal reserve chair Ben Bernanke paints a positive financial future .
The former federal reserve chairman has addressed the association of financial professionals [AFP] , during it,s 2014 annual conference in Washington DC USA .
He gave reasons why the fed had to bail out AIG and not Lemman . He said the fed was created by congress to handle the tough fianancial decisions which congress was not ready to make .
He refferenced the bailouts during the later part of the George W Bushes term in office and the early part of president Obama,s reign , atributing most of the finnancial successes of the present administration of the USA to the tough decisions taken by his board .
He is optimistic of the financial future of the united states basing it on three positives ;
1 Good demographic , that show the USA having a young population compared to the rest of the western world .
2 Educational and technological edge . The USA has most of the recent top twenty universities in the world .
3 Entrepreneuship culture. .
The conference continues tomorrow tuesday the 4th of november 2014 with one of the major presentations being " THE AFFORDABLE CARE ACT , NAVIGATING THEW CHALLENGES " from 2.00pm-3.00pm in room 146 B of the Walter E WASHINGTON DC convention center .