Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke

[bijou]

Amidst the voter anger at Wall Street and Washington, D.C., ABC News has learned that the Senate Democratic leadership isn't sure there are enough votes to re-confirm Ben Bernanke for another term as chairman of the Federal Reserve.

Bernanke's term expires on Jan. 31.

The White House did not respond to many requests for comment.

"The American people are disgusted with the greed and recklessness of Wall Street," Sen. Bernie Sanders, I-Vt., said in an interview with The Associated Press last month. "People are asking, 'Why didn't the Fed intervene at the appropriate time to stop the casino-type activities of large financial companies?'"

Sanders, Sen. Jim Bunning, R-Ky., Sen. Jim DeMint, R-S.C., and Sen. David Vitter, R-La., have all put holds on Bernanke's nomination, requiring 60 votes to proceed to a vote ...

  LINK

However much of a RINO Scott Brown's critics think he may be, I have to say his win has produced some delicious turmoil among Dems and some serious unraveling of the Unicorn/Skittle^TM Project

[Chris_]

Lots of chutzpah there:

"The American people are disgusted with the greed and recklessness of Wall Street," Sen. Bernie Sanders, I-Vt., said in an interview with The Associated Press last month. "People are asking, 'Why didn't the Fed intervene at the appropriate time to stop the casino-type activities of large financial companies?'"

Nobody that I can tell is pissed at Wall Street.......most of us that do invest just want the administration to leave them the hell alone, so that we can all make some money......

Denial ain't just a river in Egypt.......

doc

[bkg]

Lots of chutzpah there:

Nobody that I can tell is pissed at Wall Street.......most of us that do invest just want the administration to leave them the hell alone, so that we can all make some money......

Denial ain't just a river in Egypt.......

doc

Unfortunately, if there's one this DC does well, it's market BS. Many people seem to blame Wallstreet - had to talk one down a few weeks ago. Mention CRA or any other regulation to them and they get the deer in the headlights look. Those who look past their own nose know where the blame really likes, but when the evening news tells you it's wallstreet - repeats the DC blame game - you'll have people believe it.

The thing that scares me is the increasing power given to the Fed. I think they'll use "perception" to increase it more by calling Bernanke incompetent, but for the wrong reasons.

[Javelin]

Lots of chutzpah there:

Nobody that I can tell is pissed at Wall Street.......most of us that do invest just want the administration to leave them the hell alone, so that we can all make some money......

Denial ain't just a river in Egypt.......

doc

I agree!  I stopped on the stocks and futures and now trade physical gold and other precious metals.  I found a local market and tied into the largest buyer/seller in my state then bam Im off to the bank.  I quit trying to screw with stocks some time ago.  I did well with stocks and futures but damn... its not worth the ROI when you get hit with the taxes on top of it.  At least with physical assets its lower taxes, I now have higher ROI and there is a lot more stability.  For once I can lock in prices and trade off the left side of the chart, nice change.

As for Benny Boy... I believe he will get reconfirmed.  Ive already heard chatter of "But if we kick him then it will send further turmoil in the markets for the uncertainty of a new chairman".   O doesnt want him to go away for he is so compliant, well all of them are really.  If you ask me, even if he gets booted his replacement will be a new name, new face, same idea.  When has anything out of the Fed ever been good?

[5412]

I agree!  I stopped on the stocks and futures and now trade physical gold and other precious metals.  I found a local market and tied into the largest buyer/seller in my state then bam Im off to the bank.  I quit trying to screw with stocks some time ago.  I did well with stocks and futures but damn... its not worth the ROI when you get hit with the taxes on top of it.  At least with physical assets its lower taxes, I now have higher ROI and there is a lot more stability.  For once I can lock in prices and trade off the left side of the chart, nice change.

As for Benny Boy... I believe he will get reconfirmed.  Ive already heard chatter of "But if we kick him then it will send further turmoil in the markets for the uncertainty of a new chairman".   O doesnt want him to go away for he is so compliant, well all of them are really.  If you ask me, even if he gets booted his replacement will be a new name, new face, same idea.  When has anything out of the Fed ever been good?

Hi,

O knows he is in deep doo doo over jobs, he could let him go to be the scapegoat.

Make no mistake this is just a temporary lull until the commies can figure out what to do next.  You will not see any of his commie czars being replaced unless the democrats truly start to raise hell.

regards,
5412