Is a Paulson-Bernanke Resignation Possible?
I am just throwing this out there, but I find it hard to believe that either Hank Paulson or Ben Bernanke could remain at their jobs if this bailout goes down in flames. Wouldn't that basically be a vote of no confidence in them by Congress and America? Here we have in Paulson a guy who has spent his life on Wall Street and comes to DC with a gold-plated reputation. And in Bernanke, we have a Fed chief whose field of study as an academic was financial system meltdowns. And they both tell Congress that not passing their bailout plan means financial Armageddon. And then Congress says "no." There can't be any going back after that, can there?
Tags: Congress | Ben Bernanke | Henry Paulson | government intervention
Tools: 
Share
|
| Comments (12) | Print
Reader Comments
Duh!
Stop making things up! They are loyal to the President and will not resign unless he asks them to.
Who approved their appointments?
That's right. A statistically evenly divided Republican and Democrat Senate.
The theory is that they answer not just to the President, but also to the people.
But as theories go, a lot of them have under this administration.
Henry Paulson
Pauslson is not new to Washington:
Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972. He worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.
This guy scares me... Reminds me of a deceptive "Daddy Warbucks".
Add your thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.advertisement
