McCain Will Vote Against Bernanke
A big statement from the senior senator from Arizona, who famously floundered at the start of the financial crisis in September 2008 by — among other things — demanding the resignation of then-SEC Chairman Chris Cox.
“„Our country is still facing an economic crisis and while I appreciate the service that Chairman Bernanke has performed as Federal Reserve Chairman, I believe that he must be held accountable for many of the decisions that contributed to our financial meltdown.
“„Therefore, I plan to oppose Chairman Ben Bernanke’s confirmation for a new term as Federal Reserve Chairman.
What’s unclear: Whether McCain knows whether Bernanke’s confirmation is already a go. His colleague Sen. Jon Kyl (R-Ariz.), who is not up for re-election this year, is backing Bernanke.
