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In the Fed we trust? Will Senate reward bailout architect?

Our Future Blog
by Robert Borosage

11/25/09

Will the Senate vote another term for Ben Bernanke as head of the Federal Reserve? Should it … ? Many in the financial press consider Bernanke a hero. He’s the button-down academic, calm in the midst of the tempests, who — once he (belatedly) figured out that the financial system was headed over the cliff — worked creatively, ceaselessly, making it up as he went along, doing ‘whatever it takes’ to save the day. Denying him another term would seem a good case of no good deed goes unpunished. Moreover, with the dollar already shaky, Bernanke is one of the few financial stewards who global investors might trust to sell off the billions in junk that the Fed put on its balance sheet without once more throwing the economy over the cliff...

http://tinyurl.com/yjvwv37


Informant: Thomas L. Knapp



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