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Mon May 7, 2012, 10:09 AM

Old feud appears to sink Obama's Fed nominees

Source: Reuters

Old feud appears to sink Obama's Fed nominees

By Mark Felsenthal and David Lawder

WASHINGTON | Mon May 7, 2012 9:58am EDT

(Reuters) - President Barack Obama's two nominees to the Federal Reserve appear likely to fall victim to a long-running political feud, which would leave the central bank short-handed as it struggles with tough regulatory and monetary policy questions.

Republican Senator David Vitter has demanded that the Senate hold a debate before any vote on the nominees, which would require Democratic leaders to muster a super majority to move forward - a hurdle that may be too high to clear.

As a result, the Senate may end up abandoning the nominees, Harvard economist Jeremy Stein and investment banker Jerome Powell, and leave a decision on filling out the normally seven-member Fed board until after this year's presidential election.

"I refuse to provide Chairman Bernanke with two more rubber stamps who approve of the Fed's activist policies," Vitter said when asked if he planned to lift his hold on the nominations.

-snip-


Read more: http://www.reuters.com/article/2012/05/07/us-usa-fed-nominees-idUSBRE8460KD20120507

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Reply Old feud appears to sink Obama's Fed nominees (Original post)
Eugene May 2012 OP
Suji to Seoul May 2012 #1
bongbong May 2012 #2
pansypoo53219 May 2012 #3
Jim Lane May 2012 #4

Response to Eugene (Original post)

Mon May 7, 2012, 10:40 AM

1. Was he wearing a diaper when he said it? And was there a hooker nearby! Tool!

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Response to Eugene (Original post)

Mon May 7, 2012, 11:48 AM

2. Vitter???

 

Maybe a Dem superpac can start running ads about Vitter's diaper preferences.

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Response to bongbong (Reply #2)

Mon May 7, 2012, 12:04 PM

3. indeed.

there needs to be an end to this filibuster BULLSHIT.

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Response to bongbong (Reply #2)

Mon May 7, 2012, 12:05 PM

4. Vitter was just re-elected in 2010.

Despite public knowledge of his admitted adultery with prostitutes, he defeated the Democratic candidate by 19 percentage points. IOKIYAR.

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