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Second term before Congress
[[image:Bernanke_ben.jpg|200px|right]]
[[image:Bernanke_ben.jpg|200px|right]]
'''Ben Bernanke''' (bur-NANG'-kee) (b. 1953) is an American economist who is the current Chairman of the [[Federal Reserve]], nominated by President [[George W. Bush]] to succeed [[Alan Greenspan]]. He has been nominated by President Obama for a second seven-year term beginning in 2010. Bernanke took control in early 2006 when the economy seemed to be booming, but it was in the last stages of a housing "bubble"--and the bubble burst in 2007-8.
'''Ben Bernanke''' (bur-NAN-kee) (b. 1953) is an American economist who is the current Chairman of the [[Federal Reserve]], nominated by President [[George W. Bush]] to succeed [[Alan Greenspan]]. He has been nominated by President Obama for a second seven-year term beginning in 2010. Bernanke took control in early 2006 when the economy seemed to be booming, but it was in the last stages of a housing "bubble"--and the bubble burst in 2007-8.
Bernanke played a major role, along with Treasury Secretary [[Henry Paulson]] in forging a vast, extremely expensive response to the [[Financial Crisis of 2008]]. The Fed and Treasury commitments exceeded $1 trillion in direct aid and over $6 trillion in loan guarantees as stock prices returned to 2003 levels. Bernanke, an expert on the Great Depression of 1929, was intervening aggressively to prevent a repeat of that disaster.
Bernanke played a major role, along with Treasury Secretary [[Henry Paulson]] in forging a vast, extremely expensive response to the [[Financial Crisis of 2008]]. The Fed and Treasury commitments exceeded $1 trillion in direct aid and over $6 trillion in loan guarantees as stock prices returned to 2003 levels. Bernanke, an expert on the Great Depression of 1929, was intervening aggressively to prevent a repeat of that disaster.
Bernanke is a Republican and was appointed to the Federal Reserve Board, and elevated to Chairman, by Republican President, [[George W. Bush]]; he was confirmed by the Senate in 2006.
Bernanke is a Republican and was appointed to the Federal Reserve Board, and elevated to Chairman, by Republican President, [[George W. Bush]]; he was confirmed by the Senate in 2006.
In January 2009, hearings are held to discuss a second four-year term. Some in Congress, [[Barabara Boxer]] and [[Russ Feingold]], questions his handling of the recession and the [[Obama Administration]] is pressing for his speedy confirmation. Further throwing his leadership into question would be the lobbying done by disgraced liberal politicians, namely Senators Reid, Dodd, and Kerry, who support Bernanke. He will likely be confirmed with a number of Republicans casting their support. <ref>[http://www.foxnews.com/politics/2010/01/23/bernanke-supporters-save-job/ Bernanke Boasts Strong Supporters, but Can They Save His Job?, Fox News, January 23, 2010]</ref>
No mention so far of the growing number of politicians that have signed onto [[Ron Paul]]'s legislation to pry open and audit the Federal Reserve.
===[[Bilderberg group]]===
===[[Bilderberg group]]===