Bernanke's mentor nominated to Fed. Reserve Board of governors.

[dixiegrrrrl]

Next week The Senate Banking, Housing, and Urban Affairs committee will have a
business meeting to consider the nomination of Peter A. Diamond, of Massachusetts, to be a Member of the Board of Governors of the Federal Reserve System;
(Tue, Nov 16, 2010 2:30 PM)

Wiki reports:

On April 29, 2010, Diamond was announced by Barack Obama as one of three nominees to fill the three vacancies then present on the Federal Reserve Board, along with Janet Yellen and Sarah Bloom Raskin.
On August 5 the Senate returned Diamond's nomination to the White House, effectively rejecting his nomination. President Obama renominated him on September 13.

Ben Bernanke, the current Chairman of the Fed, was once a student of Diamond.

Diamond wrote a book on Social Security with Peter R. Orszag, President Obama's former director of the Office of Management and Budget, titled Saving Social security: a balanced approach (2004,-5, Brookings Institution Press). An earlier paper from Brookings Institution introduced their ideas.

Hmmmmm......don't like the sound of this.

[notesdev]

1. Surprised one was available

I'd thought every corrupt architect of this economic crisis was already appointed to something by now.

[dixiegrrrrl]

2. Apparentlymore henchmen are still waiting for their walk on.

[pscot]

3. Small world indeed

Everyone gets to dip his nose in the trough.

[westerebus]

4. I'll add my vote.

Of all the creations and inventions man has wrought upon civilization, the conjecture of economics ranks behind organized religion as its most perverse pleasure.

The cabal operating within the walls of government proves it is possible to practice magic most foul.