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Obama fills vacant Fed seats after three-year delay

Discussion in 'Off-Topic' started by Integral, May 18, 2012.

  1. Integral

    Integral Can't you hear it?

    Apr 12, 2007
    Boston, MA

    This is good news, though it comes too late to be of much use.

    Stein is a professor of financial economics and works at the intersection of monetary policy, stock prices, and banking. He's an extremely good choice for the Fed at this juncture and would have been sorely appreciated when the Fed was doing all of its unconventional policy back in 2008-09.

    I know nothing about Powell. He's not an academic, which might be a net positive given that almost everyone else on the Board is.
  2. Oerdin

    Oerdin Deity

    Mar 30, 2002
    San Diego, CA, USA
    They've basically been spending all of their time trying to get the nominees Obama has already made through the senate but the Republicans have blocked/filibustered an astounding 99% of all of his nominees which slows down the process so much there really isn't a process. It's just pure obstructionism.

    The weird thing is in the odd time where he's able to strong arm the Senate into actually allowing a vote on his nominees they pass with like 95-1 (four not present) votes so it is perfectly obvious the Republicans really don't object to the nominees and simply are trying to muck up the system. The hyper partisan bastards need to be flayed alive for their bullsh!t.
  3. Cutlass

    Cutlass The Man Who Wasn't There.

    Jan 13, 2008
    US of A
    Any word on why the nominations were late in coming? I seem to recall it's been mostly obstruction, not nominations, that have been holding up appointments, as Oerdin was saying.

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