[Netizen]

So then I jumped on Godfather’s Pizza, but he couldn’t get Alan Greenspan’s name out of his mouth fast enough....probably cuz that’s the only fed chairman’s name he could remember. He did okay tonight, but may be set back by this performance.

GOLDMAN: Thank you, Charlie.

Mr. Cain, you disapprove of Fed Chairman Ben Bernanke, and we all know that your priority is 999. But one of the most important appointments that you're going to have to make your first year, should you be president, would be Fed chairman.

So which Federal Reserve chairman over the last 40 years do you think has been most successful and might serve as a model for that appointment?

CAIN: Alan Greenspan.

GOLDMAN: Why?

CAIN: Because that's when I served on the board of the Federal Reserve in the early 1990s. And the way Alan Greenspan oversaw the Fed and the way he coordinated with all of the Federal Reserve banks, I think that it worked fine back in the early 1990s.

He based his answer on personal knowledge and experience. He also said it work for the 1990's. Tomes change, but he was limited to the past 40 years. Not sure anyone from the past 40 years would have been a good choice.

[mylife]

He also tied himself to the Fed an Alan Greenspam

That kinda chips away at his I’m just a homeboy persona.

He needs to talk about his time at the KC Fed reserve.

[9YearLurker]

How about Volcker? He’s the real Fed hero of the last 40 years.

[07Jack]

Your absolutely correct here. It seems like everyone seems to think Volcker would have been a better answer. However when the best answer is a Carter appointed Dem, who was fired by Reagan and more recently served as Chairman of Obama’s Economic Advisory Board......I would say I have to agree with you in that there was really no good choice.