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After Yesterday’s Victory For Paul-Grayson, Is Bernanke’s Confirmation Now In Jeopardy?
Tyler Durden
Zero Hedge
Friday, November 20, 2009
After yesterday’s debacle for the Fed, could even more grey clouds be gathering for the Chairman? As readers will recall Alan Grayson recently presented several questions, the response to which would serve as a gating factor to Bernanke’s reconfirmation. Alas, that initiative never appeared to get much traction. In fact upon questioning Chris Dodd said that Bernanke’s confirmation was a done deal.
“I’ve indicated I want to be supportive. I think Ben Bernanke’s done a very good job, particularly in the last year or so. I think that view is embraced by a lot of people,” said Dodd, a Democrat.
“The chairman’s not going anywhere,” Dodd said.
Yet a recent interview by Mike Stark indicates that Mr. Dodd may have had a change of heart about the certainty of Mr. Bernanke’s tenure, and is now voicing much less certainty about the continued tenure of the fiat money printer.
As the clip demonstrates, Dodd may be reeling under increasing Main Street pressure to not seem like the Fed puppet that Mr. Barney Frank has disclosed himself to be.
(ARTICLE CONTINUES BELOW)
Mike Stark: “Is it a foregone conclusion that he’ll be confirmed?”
Senator Dodd: “Not necessarily, not necessarily, we’ll see how members react.”
Mike Stark: “What do you think his chances are?”
Senator Dodd: “Well I don’t know, as Chairman of the committee I don’t want to speculate how other members feel about it, we’ll see what happens.”
As a reminder Frank stated the following: ““It’s going to be seen as weakening the independence of monetary policy with consequent negative implications. People are going to be worried about the impact on the dollar, on the interest rate.” Of course, in reality there is absolutely nothing factual contained in Frank’s statement, which is merely another escalation of the Mutual Assured Destruction doctrine, so well practiced by Wall Street, and finally getting adopted by Washington. Should the final Paul-Grayson bill pass in its current form, we expect nothing less than a resignation by Mr. Frank, followed hopefully by the resignations of his “supervisors”, Mr. Geithner and Mr. Bernanke.
In the meantime, keep an eye out on future commentaries by Dodd and other members of our ruling “elite” vis-a-vis Bernanke and the Fed. If yesterday is any indication, the opposition of the majority of the public’s opinion, especially if its finally bears fruit in a Fed transparency outcome, will be equivalent to political suicide for all those who have been supporting the Fed’s desire to maintain its unprecedented secrecy.
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November 20th, 2009 at 4:36 pm
Frank, Geithner and Dodd are all traitors that much is clear. Bernanke should have been out the day he said he didn’t know where over 2 trillion went. Resignations would be the dignified way to go. They should be so lucky to get out unscathed.
November 20th, 2009 at 6:17 pm
Wait a minute now, Ben saved us all from financial armageddon. We all should be thankful that Goldman sucks and JP Morgan are getting their billion dollar bonuses that will surely trickle down to all us lesser mortals. God bless us everyone.
AbuBakerSmith Reply:
November 21st, 2009 at 7:36 pm
finally, someone who gets it.
November 20th, 2009 at 6:56 pm
An event worthy of a Holiday? … Christmas, Easter, 4th of July, Thanksgiving and…The passage of HR1207? I’m celebrating the good News tonight!!!
Hangtime55 Reply:
November 20th, 2009 at 7:22 pm
It should be celebrated on April 15th !
November 21st, 2009 at 12:46 am
It is not likely that the Elite – NWO Dodd or any of his puppets will immediately drop Bernanke as this would show a weakness in a battle which the people are overwhelmingly winning!!(Keep up maximum pressure).
Watch carefully! as a wounded Beast rallies all kinds of undesirable cheats and misinformers to desperately sell more of there self serving lies!! END THE FED!!!!!!
The Elites always make superstars and idols of certain humans who thet have sufficient information to destroy if they step out of line. These chosen idols are fed the information to sell on to the masses!! The Intl Banking controllers will be rolling out all sorts of trickery and lies to stop the American people from knowing the truth of how they have plotted to destroy your precious country and the contempt they have for freedom and the constitution!
Something similar happened in the UK. When unelected dictator Gordon (RED) Brown NWO, got into trouble, the no.1 bankster controller Mandelsonn(unelected and a liar) was drafted in following a trip to banker island in the greek islands!!
Americans must not be fooled any longer by the bulls--- and lies of these so called genious clowns! All humans are flesh and blood and humans do not worship idols or money!!!
Colonel X Reply:
November 21st, 2009 at 5:33 am
Well, stand by because Dood may get dropped himself – the folks in Connecticut may not re-elect him. And that would be a good – no great – thing.
AUDIT THE FED Reply:
November 21st, 2009 at 11:50 am
…and any gravy-train permanent Congressmen that owe their careers to it.
A critical mass is finally catching on the service to the so-called ‘Federal’ Reserve is anything but service to the USA and American people.
One cannot have two masters at the same time, although the politicians will always try/lie.
November 21st, 2009 at 7:03 am
THIS B.S. IS JUST A SHOW THESE f---HOLES ARE NOT GOING AWAY. WHERE DID GORDON BROWN GO?NOWHERE.ONLY PEOPLE LIKE BUSH DISAPEAR BUT ONLY FOR ASHORT TIME ONLY TO COME BACK ON THE LECTURE CIRCUIT OR BOOK TOUR. LOOK AT THE MURDERING CLINTON 100 PLUS CONFIRMED KILLS NOW A HERO FOR RESCUING 2 DUMBASS REPORTERS.HIT EM WHEN SECURITY IS LAX.
November 21st, 2009 at 9:39 am
Oh but wait Goldman’s Sack is making up for their past greedy behavior. Out of the goodness of there hearts they are giving out 10,000 turkey dinners to the less fortunate in NYC on Thanksgiving. Wow bless there little cold black hearts. Thowing a bone, er turkey bone to the unwashed masses. After all if it wasn’t for them there would be 100% unemployment in NYC and the shoe shine guys would lose out on all that tip money from them.
November 21st, 2009 at 4:58 pm
Over many years we have all been lied to by our Governments… But not just our Governments but many religous leaders. Many things we have been taught are not even in Scripture and millions have swallowed so many lies by these false prophets. If you are a truth seeker please visit the following web site and take the time to read some of the articles… You will be shocked.
There is a great audio there for you to listen to. You will come away asking many questions.
http://www.2besaved.com
Blessings as you seek truth
Ben
November 21st, 2009 at 7:34 pm
Greyson IS a snake, just wait and see. Also, timmy geithner went to Islamic Madrassa with Obama, they were childhood friends.
November 21st, 2009 at 9:49 pm
The UN was conceived by Communists, was founded by Communists and always has been run by Communists for Communist purposes. This would eventually mean the complete Communist subjugation of the United States.
UN means world dictatorship. Bush put the United States back into UNESCO, the United Nations Educational, Scientific and Cultural Organization, which the United States quit many years ago.
UNESCO was flooding the nation’s schools with Communist world government propaganda. That was one of its main purposes. See the UN series entitled Toward World Understanding.
Along these lines, UNICEF, the UN Children’s Fund, has recently been pushing child sex with homosexuals and with animals. In South Africa, a UNICEF outfit called LoveLife promotes sodomy and abortion. Would the victims of such programs be black?