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Do you agree with Nouriel Roubini that Bernanke should be reappointed to the Fed

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-09-09 01:53 PM
Original message
Do you agree with Nouriel Roubini that Bernanke should be reappointed to the Fed
Edited on Sun Aug-09-09 01:57 PM by ProSense
From NYT op-ed by Roubini: The Great Preventer

Still, the basic point remains: The Fed’s creative and aggressive actions have significantly reduced the risks of a near depression. For this reason alone Mr. Bernanke deserves to be reappointed so that he can manage the Fed’s exit from its most radical economic intervention since its creation in 1913.


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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-09-09 01:55 PM
Response to Original message
1. Yes, but not for the same reason he cites
The only name touted as a potential replacement to Bernanke is Larry Summers, so I want Bernanke to stay on.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-09-09 02:00 PM
Response to Reply #1
2. Good reason. n/t
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katanalori Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-09-09 02:47 PM
Response to Reply #1
5. and just as bad...........
I think Tim Geitner's name is also touted.
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-09-09 02:12 PM
Response to Original message
3. No comment? n/t
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-09-09 02:14 PM
Response to Original message
4. Bernake will be reappointed
simply because he's a known factor and someone new would cause a panic.
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-09-09 02:57 PM
Response to Original message
6. For one more term only, I agree with Nouriel.
Edited on Sun Aug-09-09 02:58 PM by roamer65
I suspect Bernanke will want to leave the job in 4 years and then it will be time for a change. Bernanke is the ONLY Bu$h appointee that I can tolerate.
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