Sub Prime Notes from the Presidential [ya your vote counts] Election. I posted these links originally on April 4th 2008. Not the CNN one that’s new but does not seem to be effecting Senate Confirmation of Ben. Bring back Brownie and Scooter and the rest of the Shrubs Frat boys.
Since then we the people elected Obama and he offered the cabinet position of Secretary of Commerce to Penny she turned it down there are more skeletons in her closet than in Arlington Cemetery.
Bring Back Ben, not a Republicrat or a Democan just a PIG, What’s good for Wall street is good for Ben. Oink Oink and the Senate Banking Committee hell there’s money for all in this sub prime Theocracy, and while on the subject of God from the December 10thWSJ Bankers were asked if they do “God’s work a reference to an unfortunate phrase Goldman and Sach’s Chief Executive, Lloyd Blankfein, used in an interview with the Times of London. Only 29% said yes.” David Wessel WSJ December 10 2009.
Board of Governors “Let’s have a new vacancy” an empty chair could be more fair than Benny Boy.
The seven-member Board of Governors is the main governing body of the Federal Reserve System. It is charged with overseeing the 12 District Reserve Banks and with helping implement national monetary policy. Governors are appointed by the President of the United States and confirmed by the Senate for staggered, 14-year terms. By law, the appointments must yield a “fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country,” and as stipulated in the Banking Act of 1935, the Chairman and Vice Chairman of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting Governors. As an independent federal government agency, the Board of Governors does not receive funding from Congress, and the terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the president, he or she functions mostly independently. The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives. It also supervises and regulates the operations of the Federal Reserve Banks, and the US banking system in general.
Membership is generally limited to one term. However, if someone is appointed to serve the remainder of another member’s uncompleted term, he or she may be reappointed to serve an additional 14-year term. Conversely, a governor may serve the remainder of another governor’s term even after he or she has completed a full term. The law provides for the removal of a member of the Board by the President “for cause”.
The current members of the Board of Governors are