Imagine the chaos that would have ensued if the Senate hadn't voted to end a filibuster and confirm Ben Bernanke for a second term…
Sen. Chris Dodd (D-Conn.), chairman of the Banking Committee, cast the first vote to end the filibuster after spending the last two weeks warning his colleagues about what rebuffing Bernanke would do the stock market. "Warren Buffett was asked on CNBC on this nomination. All he said [was], 'If you turn him down, let me know in a day or two of advance because I would like to sell off stocks.' Why? 'Because the message to the stock market would be a devastating one,'" Dodd told the chamber.
Got that? Now imagine the chaos that will ensue because Ben Bernanke just won a second term.
It'll be totally different.
Tags: Ben Bernanke, Chris Dodd, Economy, Federal Reserve, Senate