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To: Cincinatus' Wife
He's an independent chairman of the Federal Reserve Board, appointed by president and confirmed by Congress and serves for a term and the president couldn't even ask him to resign.

Independent in theory, dependent in practice. And a president can ask him to resign, but can't force him.

26 posted on 08/16/2011 11:43:06 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Moonman62

>> Independent in theory, dependent in practice.

I *swear* I can see collusion with the Obama regime emanating from the penumbra of the Fed’s so-called independence... but maybe it’s just the August heat. :-)


92 posted on 08/16/2011 12:06:20 PM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Moonman62

Incoming POTUS: “Ben, I’d like your resignation.”

Bernanke: “I decline, Mr. President.”

Incoming POTUS: “Your new salary will be $1 per year and your new responsibilities will be limited to keeping the toilets clean in the Treasury office building. Dismissed.”


109 posted on 08/16/2011 12:14:47 PM PDT by Cletus.D.Yokel (Islam is a violent and tyrannical political ideology and has nothing to do with "religion".)
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