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Under Fed rules, Bernanke would not be able to stay in his seat if he is not confirmed before January 31st. The post would be temporarily filled by vice-chairman Donald Kohn, whose term runs through June.
The Bernanke Confirmation option at Intrade is unchanged on this latest news.
The job of Bernanke, Geithner, and Obama is to keep the rentier-financiers' imperial plunder regime in power. Ironically, whether or not Bernanke actually made those promises to Reid is irrelevant. Bernanke should never have put himself in the position to be accused. However, the key poi...
Wed, Jan 27 | from Mish's Global Economic Trend Analysis