MercoPress. South Atlantic News Agency
Fed chairman Bernanke’s reconfirmation is almost a fact
Ben Bernanke's nomination to a second term as head of the US Federal Reserve has been approved by a Senate panel. Members of the Senate Banking Committee voted on Thursday 16 to seven to back Mr Bernanke as head of the central bank. Read full article
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Disclaimer & comment rulesI have been working with my mortgage company since August, trying to get my mortgage modified. I’m having to deplete my retirement savings to make it. Then I found these guys http://bit.ly/73lFPx and they are working to reduce my mortgage payment it is much much easier.
Dec 18th, 2009 - 12:39 pm - Link - Report abuse 0Weird. BOFA, works with me to modify my mortgage. Helicopter Ben is killing the dollar and it's amazing he's keeps his job, pfft. US is becoming like Argentina..ugh.
Dec 19th, 2009 - 04:52 am - Link - Report abuse 0““The recession was the history of the year. Without Ben Bernanke it would have been a lot worse” said Richard Stengel, managing editor of Time magazine.”
Dec 24th, 2009 - 05:09 pm - Link - Report abuse 0Correction Mr. Stengel - without Ben Bernanke, the recession would have been over by now and we would begin to see real sustainable growth. Yes, going through that period would have sucked, but it's going to suck no matter what route we take. In reality, Mr. Bernanke merely “delayed” a “financial” meltdown by temporarily guaranteeing commercial paper, carrying mortgages on the Fed’s balance sheet at grossly inflated values and lying to taxpayers about how he will reduce “liquidity” by removing those mortgages from the Fed’s balance sheet. The problem has only been swept under the rug - temporarily.
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