pknopp
Diamond Member
- Jul 22, 2019
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It was created by Congress and run by people appointed by the president
The president can only pick one of the sitting governors to run the Fed.
Not just anyone is going to get appointed a governor. It's an incestuous system.
Bernanke was telling us over and over how sound housing was and how it would be fine. He was saying this right up until the moment it blew up. He was then reappointed. How does someone that failed as miserably as he did get reappointed?