* announcing Greenspan replacement

[kywildcat]

today at 1? I think I just caught this out the corner of my ear. Anyone hear this too?

[Connie_Corleone]

1. I wonder which crony gets the job??

I shudder the thought.

[GrpCaptMandrake]

4. Paul Wolfowitz has "banking experience" now

Any bets? Any takers?

[Darkhawk32]

16. He was my first thought. Bush won't pick an outsider. n/t

[asjr]

18. It will be Paul Bremer. No one handles money like he can

[Darkhawk32]

20. {Shudder} I'd consider leaving the country. n/t

[goclark]

27. Tom DeLay! The money man!!!

He'll need a job..... LOL

[GrpCaptMandrake]

29. Yeah, he loses money like a pro

Hell, $8.8 Bn fell into the cracks in the sofa at the Coalition Provisional Authority alone! (Ever notice how the initials for that were CPA? Kinda makes you wonder if there were some old hands from Arthur Andersen around, doesn't it?)

[louis-t]

22. Yeah, Wolfie knows about embezzlement.

That's banking experience, idn't it?

[Walt Starr]

2. Get ready, you might be able to pick up some good stocks at bargain

prices due to the panic that will ensue.

[dogtag]

3. Bush's bookkeeper? n/t

[Demit]

8. Ha! Even Pat Buchanan said "his personal accountant" on the McLaughlin

Group yesterday. That Pat, such a kidder.

[mzteris]

21. no - his dogwalker

or his gardener or his gardener's neice's boyfriend's cousin's neighbor.

[OnionPatch]

5. Not getting worked up about this

Greenspan is, in my opinion, the worst. W will surely appoint someone just as bad, but I can't see how it can be any worse.

[Bernardo de La Paz]

13. Worst? You think low interest rates didn't help economy during Clinton?

[Bernardo de La Paz]

14. The Amazing thing: They could have announced after indictments.

[louis-t]

23. Low interest rates during Clinton years

were largely the result of paying off our debts at a faster rate. More money to lend = lower interest rates. Heated economy tends to make them increase, making it all the more unusual that they stayed low.

[Loonman]

6. Crap!

He'll put up another idiot like "Brownie".

[Dudley_DUright]

7. Yes, being reported by National Journal Hotline

Treas. Sec. John Snow plans to announce a nominee to replace retiring Fed. Chairman Alan Greenspan at a White House press conference today at 1 p.m, an administration official tells the Hotline.

While the nominee was not identified, the official suggested the pick will not be a surprise. Buzz in recent weeks has focused on Ben Bernanke, chair of the President's Council of Economic Advisors and a former Fed board member. Another potential candidate is ex-Bush economic advisor R. Glenn Hubbard.

http://hotlineblog.nationaljournal.com/archives/2005/10/new_fed_chair_n.html

[northzax]

26. not gonna be Hubbard

Bush appoints Jocks, and Hubbard ain't a jock.

[swag]

9. Bush will play it safe with Bernanke.

[htuttle]

10. Since Meyer Lansky is dead, I can't imagine who it will be

[Indykatie]

12. Drudge "Breaking"

I haven't heard it anywhere though. I keep waiting for Drudg to have a headline related to the Plame scandal and indictments but it's all Hurricane watch information these days. What a hypocrite!!!!!!

[berni_mccoy]

11. It will be interesting to see how the markets react!

I expect a major drop when this announcement is made. Bush has lost all credibility when appointing someone; and since Greenspan is one of the few gov't officials who actually influences the market... I shudder to think what my portfolio will be worth at 2pm today.

[Toots]

15. Arther Anderson

I tried to think of the most inept person for this job and this is the man. He is a "Big Time" Republican that has been involved in cooking the books of most every big crooked company including Enron..It would fit perfectly with this bunch.

[patricia92243]

17. Ken Lay is the perfect pick!! sarcasm of course n/t

[Horse with no Name]

19. sad thing is....it's not an out-of-touch possibility

with this band of thieves.

[louis-t]

24. I still say it will be a surprise nominee.

Someone no one expects. A b*sh crony. Maybe the teller at the bank. 'Cause he "likes the way that guy counted my change back to me".

[kwassa]

25. Bush hasn't given his dog a job yet.

[mslawstudent]

28. Bernanke would be great

He's dovish on inflation and hopefully would bail us out of alot of the Republican financial profligracy.

I have great faith that Bush will make a great appointment.

WE NEED AN IRRESPONSIBLE CRONY!