McCain says will vote against Bernanke

WASHINGTON Mon Jan 25, 2010 1:58pm EST

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WASHINGTON (Reuters) - Republican Senator John McCain said on Monday he will vote against the nomination of Ben Bernanke to serve another term as chairman of the U.S. Federal Reserve.

In a statement, McCain said he appreciated Bernanke's service but "I believe that he must be held accountable for many of the decisions that contributed to our financial meltdown."

"Therefore, I plan to oppose Chairman Ben Bernanke's confirmation for a new term as Federal Reserve chairman," he said.

McCain, who is up for re-election this year in his home state of Arizona, had been leaning against Bernanke, who is facing a tight Senate vote on his confirmation but seems likely to be approved.

(Reporting by Steve Holland; Editing by John O'Callaghan)

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Comments (8)
goodboybo wrote:
Does Bernanke know that it’s all about jobs? Here in the White House, I think we finally get that. But I need a job, too. Here’s what I observed from inside the White House:

http://www.goodboybo.com/2010/01/jobs.html

Bo

Jan 25, 2010 1:57pm EST  --  Report as abuse
chris1955 wrote:
While your at it how about investigate Geithner when he was head of the New York Fed.

Jan 25, 2010 2:15pm EST  --  Report as abuse
freods wrote:
Getting rid of or keeping Bernanke is akin to rearranging the deck chairs on the Titanic. It makes no difference. Getting rid of the Fed and having congress make the money (remember the red fives?)would make a difference. The rest is just theater for the ignorant.

Jan 25, 2010 2:26pm EST  --  Report as abuse
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