“Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn’t sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.
Bernanke’s term expires on Jan. 31.”
An interesting development if it is true. It seems Scott Brown’s win has a much broader effect than just health care legislation.
Could it be that some democrats are thinking about sacrificing the chairman as a self preservation response?
Oh Please…,Please get rid of this bum !Â The only fly in the ointment will be ifÂ is his replacement will be as big a fool as ben is .
No, unfortuantely he has the backing of several Neo-Cons. Mitt Romney went on record recently saying he would vote to confirm Bernanke (even though he has no vote, his idealism is shared amongst a good majority of the Repubs). Linda Mcmahon, who is running against Schiff, said she would renominate Bernanke.
It doesn’t really matter since the entire Federal Reserve is criminal. We could get someone even worse than Bernanke. Still, it doesn’t matter.
Also, does anyone else feel that this recent proposal by Obama to regulate Wallstreet banks is just “smoke and mirrors”. There is another bill that passed the House that has this little nugget called HR 1207.
I believe Obama is proposing this new plan as a counter to kill that bill which would continue to shield the Federal Reserve and possibily make it impossible to ever audit the Fed in hidden details of the bill which non will read.
Idk. we’ll have to wait and see…