The uncertainty about, the Federal Reserve chairman Ben Bernanke, to second term had raised after two democratic senators showed objection.
Ben Bernanke will get enough votes in the sent to get the second term in the chairman position – said David Axelrod, one of President Obama’s top advisors
“The president is confident that the chairman’s appointment will be approved“ Said Axelrod. At the weekend president Obama contacted the Democratic Party leadership to confirm that Barnanke will receive the required votes for his appointment, an indication for the growing concern in the government about Bernanke’s weakened position.
On his way to a second term?
The uncertainty about Bernanke’s re appointment was worsened this weekend, after two democratic senators had announce that they object his appointing, which caused a sharpest falls in US stock market for the last 10 months. Bernanke critics, which object his second term, claims that the Federal Reserve Bank had failed to prevent the worst financial crisis since 1929 and that the bailout that was handed to the banks came on the cost of US tax payers.
The CEO Game.
January 30th, 2010 at 3:57 pm
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