Bernanke Confirmation hearing

[susep]

http://www.c-span.org/Watch/Media/2010/01/25/HP/R/28854/Homepage+Ben+Bernanke.aspx

check it out and discuss.

edit -

would you confirm or not Ben Bernanke for another term as Chair of the FED?  At first I thought he was a shrewd banker, tall, dark eyes, black suits but in reality he came out of academia i.e Princeton Univ. as a Chair of Economics.  His grandfather's store in SC was one of few who loaned credit to blacks.  honestly I think he needs to grow a pair as he said he didn't abuse his "supervisory" powers.
what about you?

[susep]

bump, new and improved. :-D

[sls.stormyrider]

I would re-approve. As much as I want to vomit every time I think of the bailout, letting banks fail would have been a much bigger disaster - just look what happened when Lehman failed. They should have tied more strings to the $, but that was probably more Paulsen's doing than Bernanke.

[gah]

http://news.yahoo.com/s/ap/20100128/ap_on_bi_ge/us_bernanke_senate

The Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The Senate voted 70-30 on Thursday to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts. His supporters credited him for engineering a financial industry rescue in time to prevent a catastrophic collapse.