Helicopter Ben’s in big trouble, he may not get confirmed by the Senate!
If Ben goes down, it will mark the first time in years that a senior official having a large share of responsibility for an American disaster is actually held accountable!
Ben, you may recall, missed the housing bubble completely, then rescued the financial system from meltdown by guaranteeing the banks’ bad loans and creating the easy money conditions for the next bubble.
For this, he was rewarded with a renomination to be Fed Chief. Oh well, at least the Medal of Freedom’s on hold…
Gorilla says: “When Bernie Sanders and Jim Bunning put holds on the same guy, it’s a whole new wrestling match!”
Tags: Ben Bernanke