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Bernanke Gets Second Term

Senate confirms him to remain in his post as Fed chairman

By the Associated Press

Posted Jan 28, 2010 3:20 PM CST

(AP) – Ben Bernanke will keep his job as chairman of the Federal Reserve. The Senate today agreed to let him serve a second term by a vote of 70-30, the closest ever margin for a Fed chief nominee. The vote came amid roiling public anger over the economy and stubbornly high unemployment that fueled a populist backlash against Bernanke.

He came under withering bipartisan criticism from lawmakers who blame him for not spotting the simmering financial crisis and for massive Wall Street bailouts. He "fiddled while our markets burned," said GOP Sen. Richard Shelby. But supporters say he prevented catastrophe. "He has kept a steady hand on the tiller in a perfect economic storm," said Democrat Robert Menendez.

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill last month.
Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill last month.   (AP Photo/Jose Luis Magana, File)
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COMMENTS
Showing 3 of 26 comments
izZY
Jan 30, 2010 1:13 AM CST
this guy is a jerk off ... both him and that weezer can suck it. american ppl need to wake up.... "DONT TREAD ON ME"
Cprizzle
Jan 29, 2010 9:54 AM CST
Thanks for the constructive feedback DLY. You're someone I would like to talk to some day.
Nora_Kit
Jan 29, 2010 4:30 AM CST
For many years our government's behavior has been destroying the pursuit of happiness for the working poor in the United States and it has been blatenly obvious to us on the bottom. It reminds me of a story a friend told me about a rather large building he had built. When the corner stone was set it was set one inch off but when the building was complete a large bathroom at the back of the building ended up being a closet.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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