Later this week, the Senate Banking Committee will hold hearings on the reappointment of Ben Bernanke as Chairman of the Federal Reserve. I oppose his reappointment and sent the following email to Senator Evan Bayh (D-IN) this evening. Bayh is a member of the committee and is my Senator.Senator Bayh,I would like to take this opportunity to express my position on the pending reappointment of Federal Reserve Chairman Ben Bernanke.Chairman Bernanke has been a central player in national economic issue for several years and has failed in his duty to oversee the banking system. While Bernanke’s policies which have been executed over the past year have provided temporary relief to a distressed system, he has failed to correct structural issues which will continue to impair the economy. Further, he has stretched the authority of the Federal Reserve and has sought to obfuscate critical information regarding collateral for the myriad of new programs which he implemented.We need real change and new perspective at the Federal Reserve. Please oppose Bernanke’s reappointment.Regards,Matthew WittliefIndianapolis, INLet’s hope common sense prevails. Please contact your Senators – especially if they serve on the Banking Committee – and voice your position.
Posted in:Published: November 30, 2009