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08/25/2009 05:05 AM ID: 80379 Permalink   

Bernanke Nominated for 2nd Term as Federal Reserve Chairman

 

President Obama plans to nominate Federal Reserve Chairman Ben Bernanke for a second term as Fed chief. He intends to make the announcement Tuesday as he vacations in Martha's Vineyard.

"Ben approached a financial system on the verge of collapse with calm and wisdom, with bold action and outside-the-box thinking that has helped put the brakes on our economic free-fall," Obama said in released prepared statements.

Bernanke was originally appointed Fed chairman by President George W. Bush, and sworn in Feb. 1, 2006. Bernanke has been praised by his supporters for creating more transparency in monetary policy-making, and guiding a sustainable recovery.

 
  Source: www.msnbc.msn.com  
    WebReporter: DoubleTake Show Calling Card    
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  7 Comments
  
  *cough sputter*  
 
Sorry, I almost puked on myself.
 
  by: DoubleTake   08/25/2009 05:10 AM     
  horrible  
 
choice by Bush and same horrible choice by Obama.

More of the same
 
  by: willyshawker     08/25/2009 08:39 AM     
  Bernanke promised transparency  
 
& yet is against the "Federal Reserve Transparency Act of 2009" [ http://www.groundreport.com/... ].

Oh well, three more years.
 
  by: Vhan     08/25/2009 08:48 AM     
  Move along, nothing to see here  
 
Just the loss of your sovereignty and rights...and trillions you now owe to the federal government.
 
  by: DoubleTake   08/25/2009 10:47 PM     
  @DT  
 
A correction.. We do not owe trillions to the federal government. We own the federal government. We owe trillions to the Federal Reserve, which is neither federal nor a reserve.

But yeah, I agree.

BB
 
  by: bbeljefe     08/26/2009 02:44 AM     
  @bb  
 
Damnit. Got me again. Lol. Yeah, that's what I ment to say.
 
  by: DoubleTake   08/26/2009 05:12 AM     
  I got your point, DT...  
 
I was only correcting you for the sake of some of our friends here. ;)

BB
 
  by: bbeljefe     08/26/2009 05:25 AM     
 
 
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