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Wall Street Journal Questions Bernanke's Credibility and Political Will 
Mish's Global Economic Trend Analysis | by Michael Shedlock(noreply@blogger.com) | Mon, Jan 25
Mish's Global Economic Trend Analysis is the #1 Blogger for US Economic Bailout of 2008
Treasury Secretary Timothy Geithner is warning that a Senate rejection of Federal Reserve Chairman Ben Bernanke's nomination for a second term would lead to "very troubling" reaction from the financial markets.
1 bloggers weighed in on a similar topic
2 Months Ago,
Michael Shedlock(noreply@blogger.com) from Mish's Global Economic Trend Analysis says
(in The Most Redeeming Feature of Capitalism is Failure)
Intervention created Fannie Mae, Freddie Mac, and the "AAA" rating of pure junk via government sponsorship of Moody's Fitch, and the S&P.
Of course government could have decided to bankroll capital losses at those new banks, just as it now does with Fannie Mae and Freddie Mac.
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Congress and the SEC have not enacted any reforms. And the American people remain at risk of another financial debacle. Mr. President, we must never let this happen again. Mr. President, I rise today because I am deeply concerned that just over one year since the collapse of Lehman Brothers, a f...
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