President Obama Keeps Ben Bernanke As Fed Chairman For 2ND Term

2674885830_180b1e9f95Today, President Obama is expected to announce, from Martha’s Vineyard before the market opens at 9:00 AM, that he will keep  Ben Bernanke as Federal Reserve Chairman.

Bernanke was nominated at the Federal Reserve in 2005 by George W. Bush to replace Alan Greenspan after Greenspan’s 18 years tenure.

Bernanke enjoys a fairly broad support on Wall Street, and is credited by some for his role as a key player for preventing the recession from turning into a depression worse than the Great Depression of the 30′s.

Bernanke’s critics view the fact that he didn’t see the financial meltdown coming, unlike economists such as Paul Krugman, as a concern.His full role, in association with former Treasury Secretary Paulson, in the “shot gun wedding” between Bank of America & Merrill Lynch is still under scrutiny from Congress.

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One Response to President Obama Keeps Ben Bernanke As Fed Chairman For 2ND Term

  1. Vote -1 Vote +1Shalom P. Hamou
    August 27, 2009 at 6:56 pm

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    Tel Aviv, Friday, 28th August 2009.

    The Puzzle of The Crash and The Sacrifice of Gilaad Shalit.

    In this article I tell that The Crash will take place on Friday, 18nth September 2009 at 4:11 PM EST.

    The reading of that article is of the uttermost importance for everyone.

    It is even more important to the Islamic and Jewish people, the sons of Abraham.

    It presents the causes and consequences of The Crash.

    It proves that Ben ‘Systemic Risk’ Bernanke engineered deliberately the Great Recession and is preparing The Next Crash

    For Eid ul-Fitr the Hamas will sacrifice Gilaad Shalit.

    Tell the new to the world and free Gilad Shalit on 4th September 2009 at 5:58 Jerusalem Time and everything will be fine for example.

    Some of you may be shocked by the videos and their wordings. Please don’t watch them.

    The Puzzle of The Crash and The Sacrifice of Gilaad Shalit.

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