Senator Sanders led the charge to block Ben Bernanke from another four years as Federal Reserve chairman. As Bernanke backers scrambled with only days left in his first term, the Senate showdown vote could come down to the wire. “Not since the Great Depression has our financial system been as unsafe, unsound and unstable as during Ben Bernanke's tenure as chairman of the Fed,” Bernie said.
The Fed chief since 2006 could have stopped bailed-out banks from ripping off credit card customers, but he did not. He could have demanded that Wall Street provide affordable credit to small businesses to create decent-paying jobs, but he did not. He could have broken up too-big-to-fail financial institutions, but he did not. He could have revealed which banks took more than $2 trillion in taxpayer-backed secret loans, but he did not.
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