Bernake on Hold…

Bernake placed on hold, for re-nomination. CBS MarketWatch is reporting Independent Vermont Senator Bernie Sanders is placing a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve.

Senator Sanders was quoted saying, “the American people did not bargain for ... another four years for one of the key architects of the Bush economy.” Senator Sanders was also critical of not providing enough credit to small and medium-sized businesses.

SOURCE:

http://www.marketwatch.com/story/sen-sanders-to-place-hold-on-bernanke-nomination-2009-12-02-2153530?siteid=bnbh

Bernie Sanders makes some news on Sunday talk shows…

Vermont Independent Senator Bernie Sanders makes some news on Sunday talk shows.

Senator Sanders said he would not vote for Federal Reserve Chairman Ben Bernanke to be reappointment to his position. Sanders said on ABC’s ‘This Week’ program, “I absolutely will not vote for Mr. Bernanke. He is part of the problem. He's the smartest guy in the world, why didn't he do anything to prevent us from sinking into this disaster that Wall Street caused and which he was a part of?"

The Progressive Senator also said he would not force a public option in the health care reform bill. Senator Sanders said he would like get a public option, but does not believe is worth destroying the rest of the bill over the public option issue.

SOURCE:

http://www.foxnews.com/politics/2009/11/29/sanders-says-second-term-federal-reserve-chief/

http://blogs.abcnews.com/george/2009/11/sanders-no-line-in-sand-on-health-care.html

Secrets are not nice...

Secrets are not nice... that’s the word from Senator Bernie Sanders.

He says in a news release from Wednesday June 10th the report by the Federal Reserve on aid to banks, investment firms and other financial institutions was “completely insufficient”.

The independent Senator from Vermont said, “Today's report is completely insufficient. It is time for the Fed to name names. The American people have a right to know who received more than $2 trillion in loans from the Fed… This money does not belong to the Fed. It belongs to the American people,”

The Senator called into question what big banks, Obama administration and the Fed are doing with the money. Senator Sanders said in the release, “Are these banks paying back TARP funds to the Treasury Department today, while receiving secret loans from the Fed tomorrow? As long as the Fed keeps this information secret, we will never know.”

SOURCE:

http://www.sanders.senate.gov/news/record.cfm?id=314217

"Stress Test" the bank's bank...

"Stress Test" the bank's bank... that's the word from some Libertarian leaders.

In a story posted on "The Center for Libertarian Press Information" Libertarians are calling on an audit of the Federal Reserve.

They're backing Congressman Ron Paul's HR1207 calling for a public audit of the Fed.

What would we find?

SOURCE:

http://clipr.info/?p=35

http://www.thomas.gov/cgi-bin/query/z?c111:H.R.1207: