Ben Bernanker, Of Bailouts For Bankers Fame, Jew Banker Of The Year, Rewarded With 2nd Fed Term

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Bernanke backed by Senate panel for 2nd term
Fri, 18 Dec 2009 08:59:15 GMT

US Federal Reserve Chairman Ben Bernanke
http://www.presstv.ir/photo/20091218/gholami20091218102409687.jpg

Ben Bernanke has been voted US Federal Reserve chief for a
second term by the Senate Banking Committee despite sharp
criticisms.

The committee backed Bernanke on a 16-7 vote on Thursday,
with one Democrat joining six Republicans in opposition.

Bernanke received criticism from Democrats that he cared
more about Wall Street than Main Street and from Republicans
that he favored improper government meddling in the economy.

However, his supporters credit him with sweeping efforts
that saved the global financial system from complete
collapse.

While Bernanke is expected to be confirmed for another term,
he seems certain to receive a high number of 'no' votes when
the full Senate takes up his nomination after it reconvenes
from a holiday break on Jan. 19.

Even some lawmakers who said they support Bernanke favor
trimming some of the Fed's authority over financial firms.

Bernanke's current term expires on Jan. 31, although he
could continue to serve as acting chairman even if his
nomination is not approved by then.

AGB/MTM/DT
http://www.presstv.ir/detail.aspx?id=114031&sectionid=3510203
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