Ben Bernanke and His Perfectly Coiffed Beard May Be Unemployed

Just kidding.  Senator Chris Dodd (D-Connecticut, and chairman of the panel) gave Bernanke a tongue bath in saying, “Under your leadership, the Fed has taken extraordinary actions to right the economy.”  While there has been outcry over needed Fed transparency, Bernanke and his minions have made great strides at propping up our fragile financial system.  Transparency is a joke, really, when dealing with Government agencies.  The last thing the Fed needs, is everyone on Planet Earth knowing their business.  I hate the idea of politicians being, guys I’d like to have a beer with. I want my politicians and power brokers to have a superior pedigree than that of Norm from Cheers. I want secrecy, I want condescension, and I want guys who can do the fucking job.  Bernanke got a 1590 on his SATs, and I just googled that, and you know what – it’s pretty good.  His PhD from M. I.  fucking T. isn’t a bad thing to hang your hat on, either.  In some ways, I suppose it’s hard to gauge an approval rating on a guy most of America doesn’t know.  I’ll take it a step further and say that some of the BB backlash can be attributed to old-school bellyaching politics and jealousy.  The undressing that many of the country’s big banking brass took last fall would be enough to stir up some resentment toward the world’s most powerful agency.  As the day moves forward, I look forward to quoting Pete Townshend, Meet the new boss, same as the old boss.

The Huffington Post has a far more intelligent take over here.