Tuesday, December 1, 2009

The FED Bernanke vs Poverty






"I absolutely will not vote for Mr. Bernanke. He is part of the problem," Sanders said on ABC's "This Week" TV program.

Bernanke "didn't ... do anything to prevent us from sinking into this disaster that Wall Street caused and which he was a part of," Sanders said, referring to last year's severe financial crisis and the deep recession that followed.

Fed chief Ben Bernanke is expected to win confirmation to a second term. But it won't be pretty. The push in Congress to rein in the central bank is gaining steam.


WASHINGTON (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke has a tough road ahead. : Dodd: Bernanke Confirmation ‘Not Necessarily’ a Foregone Conclusion
http://www.cnbc.com/id/34014989


Food Stamp Usage Across the Country

The number of food stamp recipients has climbed by about 10 million over the past two years, resulting in a program that now feeds 1 in 8 Americans and nearly 1 in 4 children. It has grown so rapidly in places so diverse that it is becoming nearly as ordinary as the groceries it buys. More than 36 million people use inconspicuous plastic cards for staples like milk, bread and cheese, swiping them at counters in blighted cities and in suburbs pocked with foreclosure signs.
http://www.nytimes.com/interactive/2009/11/28/us/20091128-foodstamps.html

US Senator Opposes Fed Chief
Bernanke Renomination


U.S. Senator Bernie Sanders said he will not vote to reconfirm Ben Bernanke as chairman of the Federal Reserve, in a preview of the rough treatment Bernanke may get this week on Capitol Hill.




*
Strong case for the Fed Supervisory Role? How can anyone else do worse with Treasury printing machine defrauding the nation and millions of Americans?
Fed Chairman Ben Bernanke, nominated for a second term by President Obama in August, faces a confirmation hearing Thursday.Fed Chairman Ben Bernanke, nominated for a second term by President Obama in August, faces a confirmation hearing Thursday.

Bernanke: Don't tamper with the Fed
Renominated chairman writes commentary warning Congress not to limit the central bank's independence.
http://money.cnn.com/2009/11/28/news/economy/bernanke_oped/


No comments:

Post a Comment