Friday, May 30, 2008

Another one bites the dust

Fed Governor Mishkin-a close confidant of Bernanke- has resigned. That leaves only 4 Fed Governors since Senator Dodd is in stall tactic mode to get Democratic supporters nominated for the FED. This could become a problem, especially if the need arises for 'emergency Fed action'. If Bernanke is as good as the financial media say he is, then why is his closest confidante leaving? Way to help out your friend. It smels like Bernanke has sold his soul to the bankers-just like Greenspan-and is about to emabark on another bubble blowing mission.

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