Senate confirms Bernanke for another term

myp · Jan 28, 2010

The Senate voted 77 to 23 in favor of Ben Bernanke for his second term as chairman of the Federal Reserve today. Although he won, Bernanke still faces a lot of criticism for some of his actions following the financial crisis and critics, including some within Congress, are expected to continue putting pressure on him.

link: http://online.wsj.com/article/SB100...105055604.html?mod=WSJ_hpp_LEADNewsCollection

Thoughts?

David · Jan 29, 2010

myp said:
The Senate voted 77 to 23 in favor of Ben Bernanke for his second term as chairman of the Federal Reserve today. Although he won, Bernanke still faces a lot of criticism for some of his actions following the financial crisis and critics, including some within Congress, are expected to continue putting pressure on him.

link: http://online.wsj.com/article/SB100...105055604.html?mod=WSJ_hpp_LEADNewsCollection

Thoughts?

:cry: :help: :cry:

deanhills · Jan 29, 2010

myp said:
The Senate voted 77 to 23 in favor of Ben Bernanke for his second term as chairman of the Federal Reserve today. Although he won, Bernanke still faces a lot of criticism for some of his actions following the financial crisis and critics, including some within Congress, are expected to continue putting pressure on him.

link: http://online.wsj.com/article/SB100...105055604.html?mod=WSJ_hpp_LEADNewsCollection

Thoughts?

Why do you think they voted for him?

1. There is nobody else available?
2. They are worried that if they put a new candidate forward in this anti-Dem climate that they would have great difficulty in getting candidates approved?
3. They want to maintain the status quo?
4. They want to show that the Dems can stick together?

DodgeFB · Jan 29, 2010

deanhills said:
Why do you think they voted for him?

1. There is nobody else available?
2. They are worried that if they put a new candidate forward in this anti-Dem climate that they would have great difficulty in getting candidates approved?
3. They want to maintain the status quo?
4. They want to show that the Dems can stick together?

I don't really see why him or anyone else would want the job right now.

Dirk · Jan 29, 2010

myp said:
Thoughts?

Just abolish the thing and put him out of his misery. (metaphorically - i don't mean kill anyone)

myp · Jan 29, 2010

DodgeFB said:
I don't really see why him or anyone else would want the job right now.

Some people consider the position to be the most powerful on Earth and if not that, I think most people would agree it is up there. I can see why some would want that...

Dirk said:
Just abolish the thing and put him out of his misery. (metaphorically - i don't mean kill anyone)

If only it were that easy...

deanhills · Jan 31, 2010

myp said:
Some people consider the position to be the most powerful on Earth and if not that, I think most people would agree it is up there. I can see why some would want that.....

Maybe that is a good reason why Dirk's idea of abolishment would be a good one. Too much power like that can't be healthy. I also did not like all the power Greenspan had. Was responsible for some major ups and downs on the stock exchange.

Senate confirms Bernanke for another term

myp

David

deanhills

DodgeFB

Dirk

myp

deanhills

Similar threads