Skip to comments.Bernanke probably won't stand for third term at Fed: NYT
Posted on 10/27/2012 2:31:30 PM PDT by opentalk
(Reuters) - U.S. Federal Reserve Chairman Ben Bernanke has told close friends he probably will not stand for a third term at the central bank even if President Barack Obama wins the November 6 election, the New York Times reported.
Republican presidential nominee Mitt Romney has already said he would not re-nominate Bernanke if he wins the presidency. Bernanke's term as chairman ends in January 2014
(Excerpt) Read more at reuters.com ...
In other news, Ozzie Guillen said today that he probably won’t stick around next year to manage the Miami Marlins.
That’s fine, we won’t stand for another term of this tool either.
There is an intersection on I-95 at/near the first exit for SC in Dillon, SC (at Pedro’s South of the Border), and there is a sign there for their favourite son— “Ben Bernanke Interchange”. Not kidding it’s there.
His family (Jewish) were there during the WBTS (Civil War for others) and were.. merchant/bank types. He actually waited tables at some point at Pedro’s South of the Border— so he had early experience in “CLIPPING” people.
So, good riddance “Pedro” Bernanke, we hope you will quantitatively EASE yourself into some mega world bank role like all the other useless twits.
Yep...probably pretty busy settin' up offshore accounts for his wealth, and workin' out a deal to relocate to another country that doesn't honor extradition requests from the U.S.
If Romney was smart, he’d do what Volcker and Reagan did. He’d raise rates. People would scream bloody murder. But in the long run.
Bernanke should go, for lying to Congress if no other reason. But focusing on him is fundamentally wrong. It doesn’t really matter who’s the titular head of the Fed; it never changes. Okay, Volcker was a bit different, but I think that was a fluke. Greenspan was just as bad, maybe worse. Do we really think anything will change without Bernanke.
Only the too-big-to-fail banks that get free money from Uncle Ben and then lend it back to the U.S. Treasury for 3% will miss him when he goes.
He has devalued the dollar horribly....that’s why gold and oil are so high...and stolen the savings of retired people who are getting a quarter of a percent of interest for their diligence in “saving for their old age.” They should have blown it in Vegas and had some good memories, at least.
Yeah, this guy probably has a stack of gold bars in the Caymans waiting for him. Trying to get out of dodge before it all collapses. Both he and Greenspan are real pieces of work.
"Bernanke really is in my view the most skilled and capable person to help guide us out of the mess we are in"
"The tarp program was the right thing to happen" and followed up "tarp was the right thing to do"