Pump the brakes on Bernanke
As the Obama admin's commitment to financial sector regulatory reform seem lukewarm at best I would implore the liberal senators on the Finance Committee to hold up Bernanke's confirmation for a second term as Fed Chairman until meaningful (no 'too big to fail', position limits on all commodities derivatives, all derivatives traded on open exchanges, etc.) financial regulatory reform is signed by the President.
This is one of the few times senators who REALLY want to rein in the run amok risk-takers will have some real political leverage. Summers and Geithner certainly don't seem inclined to do much...
This is one of the few times senators who REALLY want to rein in the run amok risk-takers will have some real political leverage. Summers and Geithner certainly don't seem inclined to do much...
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I don't think holding up a Fed Chair appointment for a year or so is a great idea at a time when things could blow up again very quickly. That said, it would be nice to have senators throw out Bernanke as nominee, and suggest someone who thinks that pretty serious reform is, well, necessary.
August 27, 2009 12:02 PM | Reply | Permalink
Nominate Sheila Bair.
August 27, 2009 1:28 PM | Reply | Permalink
Trading a Republican dead cow for a Republican dead horse?
August 28, 2009 2:31 AM | Reply | Permalink
She has, at least, shown concern for the average homeowner.
August 28, 2009 6:50 AM | Reply | Permalink