The Bernanke renomination and Senate confirmation hearings started today. This is for a four year term as Federal Reserve Chairman. Bernanke's hands are not necessarily dirty with respect to the housing collapse, but his record of mismanagement is not a stellar record and he could have done so much more to at least lessen the impact of this on the economy. But he has not learned a thing from this as he is promoting Term Asset-backed Loan Facility (TALF - more make-believe credit), a program that will further devalue the dollar. Bernanke only has a 21% approval rating. Senator Sanders of Vermont [IND] did put a hold on his renomination today, a good move, but all that did was delay the start of the hearings. With such an approval rating and record I am stunned that the administration has nominated Bernanke for another four years. The Senate should do the right thing and give Bernanke his walking papers.