Senator Moves to Hold Up Bernanke Confirmation (Go Bernie!!)

[girl gone mad]

Senator Moves to Hold Up Bernanke Confirmation
http://www.nytimes.com/2009/12/03/business/03fed.html?_r=2&hp">The New York Times



WASHINGTON — Senator Bernard Sanders of Vermont said on Wednesday that he would try to block the Senate from confirming Ben S. Bernanke to a second term as chairman of the Federal Reserve.

The move is unlikely to derail Mr. Bernanke’s reappointment, but it could slow the confirmation process and give the Fed’s critics additional opportunity to press their case. As a practical matter, it means Senate Democratic leaders will have to line up 60 votes in favor of Mr. Bernanke rather than a simple majority at a time when the Federal Reserve is under increasing populist attacks from lawmakers on both the right and the left.

Mr. Bernanke will testify on Thursday at his confirmation hearing before the Senate banking committee. He is expected to face criticism for not doing more to prevent the financial crisis, and calls by some lawmakers for a sharply reduced regulatory role in the future.

Mr. Sanders, an independent, is not a member of the Senate banking committee, but he has frequently accused the Federal Reserve of bailing out Wall Street firms and the banking industry at the expense of ordinary citizens.

“In this country, there is profound disgust at what happened on Wall Street,” Mr. Sanders said in a telephone interview. “People want a new direction and people are asking, where was the Fed? How did the Fed allow this to happen, when one of their mandates to oversee the safety

http://www.nytimes.com/2009/12/03/business/03fed.html?_r=2&hp">More...

[Dennis Donovan]

1. Love Senator Bernie!!

:patriot:

[laughingliberal]

2. K & R nt

[valerief]

3. kick!

:kick:

[Ruby the Liberal]

4. Go Bernie Go!

[nilram]

5. Right on! K&R them all!

Thank you, Bernie! #1, putting a hold on Bernanke, #2, doing it PUBLICLY and not behind-the-scenes.

Four threads on this absolutely worthwhile topic. K&R them all --

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7140527
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x73012
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7141131
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4168788

[Sebastian Doyle]

6. Thank God for Bernie Sanders

A man who still fits the true definition of patriotism :patriot:

[Mithreal]

7. K & R