rssBernanke Is Confirmed for a Second Term
Thursday, January 28, 2010 at 4:12 pm
- 4 Comments
Following the decisive cloture vote moments ago, Federal Reserve Chairman Ben Bernanke has now been confirmed by the Senate for a second term. The 70-30 margin is the closest confirmation vote for any Fed chairman in history, surpassing Paul Volcker’s 84-16 tally in 1983.
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4 Comments
Comment posted January 29, 2010 @ 9:32 am
Never before has such a lobbying effort been done for reconfirmation of a Fed Chairman by not only an administration, but by the sitting Fed chairman himself. Even confronted with the outrage by many noted economists and the public, the Senate, with little debate, reconfirmed Bernanke who has demonstrated failed policy and the rewarding of Wall Street banks for contributing to the financial crisis. The corporatocracy continues under these potentates in power.
Comment posted January 29, 2010 @ 2:32 pm
Never before has such a lobbying effort been done for reconfirmation of a Fed Chairman by not only an administration, but by the sitting Fed chairman himself. Even confronted with the outrage by many noted economists and the public, the Senate, with little debate, reconfirmed Bernanke who has demonstrated failed policy and the rewarding of Wall Street banks for contributing to the financial crisis. The corporatocracy continues under these potentates in power.
Pingback posted January 30, 2010 @ 7:03 am
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