Capital Commerce

Is a Paulson-Bernanke Resignation Possible?

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September 26, 2008 RSS Feed Print
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I am just throwing this out there, but I find it hard to believe that either Hank Paulson or Ben Bernanke could remain at their jobs if this bailout goes down in flames. Wouldn't that basically be a vote of no confidence in them by Congress and America? Here we have in Paulson a guy who has spent his life on Wall Street and comes to DC with a gold-plated reputation. And in Bernanke, we have a Fed chief whose field of study as an academic was financial system meltdowns. And they both tell Congress that not passing their bailout plan means financial Armageddon. And then Congress says "no." There can't be any going back after that, can there?

Tags:
Henry Paulson,
government intervention,
Congress,
Ben Bernanke

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An economy built on debt is a false economy. You can’t spend your way out of trouble. This is Debt Deflation. Neo-classical economists do not have a clue - just like Ben and Hank.

Fast Ben 3:36PM February 27, 2009

I THINK THESE TWO GUYS ARE HERO'S... BECAUSE OF THEIR DECISION THEY TAKE AND THE WAY THEY WANT THEM TO BE IMPLEMENTED!!

THE PRESIDENT IS FORTUNATE TO HAVE THEM ARE FINANCIAL COUNSELORS.

ONCE THIS SITUATION COMES BACK TO ITS NORMAL, I'M SURE WE WOULD BE PRAISING THEM

Sujay David 11:55AM September 30, 2008

Just because Paulson was the Chairman of Goldman doesn't mean that he is smart. Rich is not necessarily smart. I watched his performance before Congress and it was pathetic. I also watched at close hand, another Goldman chief, Robert Rubin, who as secretary of the Treasury during the 1997 Asian meltdown, demonstrated massive incompetence. If ex-Goldman executives are so smart, why did Jon Corzine drive 90 mph along New Jersey highways without a seat belt?

President Bush is probably too stupid to get rid of Paulson, so it will be up to Republicans in Congress to make a big noise.

John Griffith of FL 6:05AM September 30, 2008

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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