ASPCA4EVER
Well-Known Member
Fed chief, under assault, defends his record
Bernanke facing contentious Senate hearing as he seeks another term
Mark Lennihan / AP
President Barack Obama, who nominated Ben Bernanke, pictured, to a second term as Fed chairman, has said Bernanke has the knowledge and ability to guide a lasting economic recovery.
updated 10:31 a.m. CT, Thurs., Dec . 3, 2009
WASHINGTON - Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
While widely credited with helping keep the Great Recession from becoming a second Great Depression, Bernanke faces enormous anger from both Congress and the public for bailing out Wall Street, while ordinary Americans are struggling under the crush of high unemployment, stagnant incomes and rising foreclosures.
If confirmed to a second, four-year term, Bernanke vowed to work with Congress to overhaul the nation's financial regulatory structure and to bring about stronger and more effective supervision, he told the Senate Banking Committee.
<for the rest of this story>
http://www.msnbc.msn.com/id/34247116/ns/business-us_business/
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If he didn't see this disaster coming {his words "We were blindsided"} and was so totally unaware of the finite details, then how in the world will he manage to turn this economy around when he's proven to be enept at his position? IMO...nope you've lost my trust!
And if Bernanke had an employee who pulled the exact same on the job inefficiency then even Bernanke would terminate the employee
Bernanke facing contentious Senate hearing as he seeks another term
Mark Lennihan / APPresident Barack Obama, who nominated Ben Bernanke, pictured, to a second term as Fed chairman, has said Bernanke has the knowledge and ability to guide a lasting economic recovery.
updated 10:31 a.m. CT, Thurs., Dec . 3, 2009
WASHINGTON - Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
While widely credited with helping keep the Great Recession from becoming a second Great Depression, Bernanke faces enormous anger from both Congress and the public for bailing out Wall Street, while ordinary Americans are struggling under the crush of high unemployment, stagnant incomes and rising foreclosures.
If confirmed to a second, four-year term, Bernanke vowed to work with Congress to overhaul the nation's financial regulatory structure and to bring about stronger and more effective supervision, he told the Senate Banking Committee.
<for the rest of this story>
http://www.msnbc.msn.com/id/34247116/ns/business-us_business/
****************************************
If he didn't see this disaster coming {his words "We were blindsided"} and was so totally unaware of the finite details, then how in the world will he manage to turn this economy around when he's proven to be enept at his position? IMO...nope you've lost my trust!
And if Bernanke had an employee who pulled the exact same on the job inefficiency then even Bernanke would terminate the employee
