Ben Bernanke, Vampire Chairman (Photo credit: DonkeyHotey)
By Matt Egan
No matter who wins the White House this fall, it appears the next administration will be accepting resumes for the crucial job of chairman of the Federal Reserve.
According to The New York Times, Fed chief Ben Bernanke has told close friends he plans to step down when his term expires in early 2014 even if President Obama wins re-election this fall.
An Obama defeat seemed very likely to end Bernanke’s time at the Fed as GOP standard bearer Mitt Romney told FOX Business over the summer that he won’t reappoint the former Princeton University economist to another four-year term.
During a news conference last month, Bernanke declined to spell out his personal plans for when his term ends in January 2014.
Bernanke was first appointed to the Fed’s top post by President George W. Bush in 2006, a move that left one of the foremost experts in the Great Depression navigating the central bank through the 2008 financial crisis.
Read more: http://www.foxbusiness.com/business-leaders/2012/10/23/bernanke-probably-wont-stand-for-third-term/#ixzz2A8mUt7zv
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About machholz
I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular.
I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic.
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In addition, my thoughts and opinions change from time to time...I consider this a necessary consequence of having an open mind. This weblog is intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today.
For the record I am currently an Independent political activist and am not affiliated to any political party
