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Originally Posted by gsvol  I'll take that then this is the full extent of your knowledge of how the Federal Reserve System works.
Since 1979 we have had three Fed chairmen; Volker, Greenspan and Bernanke, we have had five presidents during that same period; Carter, Reagan, Bush I, Clinton and Bush II.
Perhaps you could elaborate on how everything is Bush's fault just because he tried to lead the American people into becoming more of an "ownership" society???
I would call your posts sophomoric but that would be giving you far too much credit. | The President appoints the Fed chairman every 4 years. Just because he choses not to change the chairperson, doesn't mean he can't. Quote: |
The chairman is appointed by the President, subject to Senate confirmation, to a four-year term. In practice the chairman is often re-appointed,
| Chairman of the Federal Reserve - Wikipedia, the free encyclopedia
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Last edited by GAVol; 01-03-2009 at 05:54 PM..
Reason: Flaming
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