Thursday, July 9, 2009

Bernanke gettin' the Spanky?

It looks like it might be time to throw someone under the bus. The White House is pondering Ben Bernanke's fate, as his term expires in January.

Treasury Secretary Timothy Geithner is expected to play a key role in advising President Barack Obama on whether to reappoint Mr. Bernanke. Mr. Geithner has worked closely both with Mr. Bernanke and with the leading alternative for the powerful post -- Lawrence Summers, the former Treasury secretary, who is currently the president's top economic adviser.

I personally believe Tim Geithner has exhausted his usefulness, along with Larry Summers. But I guess since Bernanke paid his taxes, he doesn't really fit in with the WH crowd.

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