Thursday, January 28, 2010

Fire Chief Bernanke?

[From an email to Senator Bingaman]

Dear Senator,

Only slightly less disappointing than the reappointment of Mr. Bernanke as the Federal Reserve Chairman, is your support for him.

You sent me your statement from the Senate floor in support of Mr. Bernanke. Your reasoning does not make sense to me.

Among numerous other concerns, Mr. Bernanke was a key operator in the deregulation that allowed major financial institutions, the so-called 'too big to fail,' to engage knowingly in risky and illegal behavior that have caused economic pain to working Americans.

Yet you praised him for his response to a crisis he helped to create. This is rather like appointing an arsonist as fire chief, Senator.

[Photo: Ben Bernanke flipping you off.]

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