A Fight for Bernanke's Job

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although far better than Greenspan, is a Republican who believes in holding rates too low too long. This and high-end tax cuts are largely responsible for the boom/busts in stocks and houses. We could have done far better without the "booms" which give rise to the busts.
Replacing Bernanke would shock the markets, but, hey, they're already shocked.
Ultimately, I'll bet Geithner makes this call in Obama's ear. I don't know if he is a Bernanke fan or not.

Muser of NM 10:24PM August 05, 2009

It was Bernanke, following in Greenspan's footsteps, who got us into this mess, with a lot of help from W. of course. Their job is to control the money supply for the good of the country. What they did was act as Wall Street boosters. That pleased a lot of investors for a while, but we are paying the price now. And we will continue paying it until the Chinese pull the plug on their loans to us, and mere financial discomfort will be replaced by real panic.

J. Fox of PA 9:45PM August 05, 2009