Early fireworks in Bernanke confirmation drama

Early fireworks in Bernanke confirmation drama

money.cnn.com

NEW YORK (CNNMoney.com) -- On the eve of what's expected to be a tough confirmation hearing Thursday, one senator has thrown up a political roadblock intended to stymie Federal Reserve Chairman Ben Bernanke's second term.

Sen. Bernie Sanders, I-Vt., said late Wednesday that he will put a hold on Bernanke's nomination. A hold is an informal practice in which a senator informs the majority leader that he does not want a measure or nomination to reach the floor for a vote.

(visit the link for the full news article)

Well this is an interesting development with an Independent Party Senator moving to block the nomination for a second term to the Federal Reserve Chairmanship.

The Federal Reserve doesn’t seem to be so well regarded these days on Capitol Hill with Ron Paul’s audit the Fed Bill highlighting concerns regarding the Fed as well as the negative and questioning publicity from the Tea Parties and End the Fed movements.

One can only imagine the secrets Bernanke keeps in managing the privately controlled Federal Reserve Operation as well as to the tangle web a new Chairman would be stepping into after his disastrous reign at the Fed.

Now might be a good time for Members who have real concerns about the Fed and Bernanke to write their Senators
To see if perhaps there are some more independent minded Senators out there willing to join in Senator Sander’s crusade to block Bernanke from another term at the Fed.


money.cnn.com
(visit the link for the full news article)

Fed rage boils over on Capitol Hill

"The American people overwhelmingly voted last year for a change in our national priorities to put the interest of ordinary people ahead of the greed of Wall Street and the wealthy few," said Sanders, one of Bernanke's sharpest critics, in a statement. "What American people did not bargain for was another four years for one of the key architects of the Bush economy."

It’s amazing that the much ballyhooed Team Obama is really just an amalgamation of Team Bush and Team Clinton. It’s almost like a Clint Eastwood remake of the Good and the Bad and the Ugly in Washington.

In less than one short very painful year Obama has squandered the majority of the goodwill and trust placed in him by the voters who found his vague Hope and Change platform inviting and promising.

So far all we have gotten out of Obama’s Presidency is an increasingly desperate hope that things might yet change for the better instead of for the worse.

I do believe barring Bernanke from another term at the helm of the Fed would be a step towards a better change!

Touche' to bernakie refusing to name the banks that got the bail out money. Gotta love Bernie Sanders, great senator

Originally posted by ronpaulblican210
Touche' to bernakie refusing to name the banks that got the bail out money. Gotta love Bernie Sanders, great senator

Sanders seems quite the firebrand and actions like this could have a lot more people considering Independent Party cantidates come the next ellections.

Washington sure could do with a new breed of politicians at this point.

he will get a 2nd term..

and you can take that to the bank.

reply to post by ProtoplasmicTraveler


I always liked that Bernie Sanders guy!

We need more moral-minded senators in this country, not ones that roll over and allow those in power to step all over the general populace in the name of greed.

Originally posted by 13579
he will get a 2nd term..

and you can take that to the bank.

He might and there is no gaurantee his successor wouldn't be just as bad or worse, but it would be nice to see a Fed Chairman that didn't rule for life for a change.

It would be nice to see the politicians we ellect stand up against the privately controlled Federal Reserve and represent the people's interest and concerns for a change instead of the banksters.

reply to post by ProtoplasmicTraveler


Sorry burst your bubble but that aint going to happen.

Most of the nitwits who live on our rock do not even understand what money is let alone a central bank.

we are doomed, and i thought logans run was bad.. "sighs"

Originally posted by Someone336
reply to post by ProtoplasmicTraveler

 

I always liked that Bernie Sanders guy!

We need more moral-minded senators in this country, not ones that roll over and allow those in power to step all over the general populace in the name of greed.

This could prove to be one of the ugliest and most controversial Senate Confirmation battles in a while.

With Bernake's own job on the line, and with unemployment being what it is these days and America watching on C-Span it should make at the very least a good show.

I give Sanders credit for getting out front on this and leading the charge.

GOOD! Ron Paul should support this motion and suggest to anyone who supports HR1207 to do the same thing!

FORCE BERNANKE TO BE ANGRY at least... he might do a big error...

Anyway, this is good!!!!!

I'm sending this to Ron Paul, asking him to support him and suggest to everyone to send it to him...

Here to send him a mail...

Here

I know he's in the house, but showing his support would be great.

[edit on 3-12-2009 by Vitchilo]

None of these crooks should be allowed to have more than one term in these positions. Once again, you are seeing a system which encourages corruption. What is the incentive for these lying thieves to be upstanding when their corrupt behavior only serves to buy them a second term? It's as if the system has been purposefully designed to fleece the American public.

Of course, the ideal solution would be to dissolve that criminal racquet all together.

[edit on 3-12-2009 by SphinxMontreal]

reply to post by SphinxMontreal


Limiting terms probably would go a long war towards ending a lot of corruption in government.

Entrenched politicians and entrenched corporate interests seem to be made for one another!

note to Sen Sanders ; Resistance Is Futile !


a majority of Congress is raptured with Bernanke...
& all his heroics in guiding the economy to these early stages of recovery


recall how Congress was mesmerized with the message and tennor of Mr Greenspan for ? 14 years ?...
all these guys/gals are nihilists, fatalists, infatuated with glib speak...


and the FED branches were befuddle-heads in nominating both Greenspan and Bernanke in the first place.

Originally posted by ProtoplasmicTraveler
reply to

Limiting terms probably would go a long war towards ending a lot of corruption in government.

Entrenched politicians and entrenched corporate interests seem to be made for one another!

()()()()()()()()()()()()()()()()()()()()()()()


term limits for Politicians and FED-heads like Bernanke & successors
would only alter the dynamics ever-so-slightly.

just like CEOs pack the Boards with people favorable to excessive salary & compensation awards. There's a broadly interwoven network of Boards that sit other like minded CEOs & other top-Execs all throughout the corporate 'Beast'.

And like the Putin model in Russia... after exhausting the terms of Presidential Office...
Putin creates a PrimeMinister spot for his 'Leadership' to continue...


So goes the musical chairs charade at the FED & in most Political districts
(but not in such an obvious way)



[edit on 3-12-2009 by St Udio]