Ben Bernanke no sure bet in the Senate.

Fed Chairman Ben Bernanke may be Time magazine’s Man of the Year — but he hasn’t convinced senators he’s the man for the job. In the wake of Tuesday’s Massachusetts stunner, Bernanke’s chances of returning for a second term as head of the Fed were thrown into doubt, as a pair of liberal Democratic senators Friday jumped on the dump-Bernanke bandwagon. It was no idle threat. Senate Majority Leader Harry Reid (D-Nev.) said he’d call a vote next week but couldn’t say for sure Friday that he has the 60 votes to confirm Bernanke by the time his term expires Jan. 31...Link

No more Conan on NBC.

‘A whole new system of housing finance’.

Congressman Barney Frank (D-MA) has the nation's largest mortgage lenders squarely in his sights, and he's aiming to take them down. Backing what he called a "piecemeal" effort to reform how Americans purchase their homes, the Congressman said on Friday that the House Financial Services Committee, which he chairs, will likely move to abolish Fannie Mae and Freddie Mac, two banks previously considered "too big to fail." In their place, he said, "a whole new system of housing finance" should rise...Link

'Congressman from Wal-Mart'............

WASHINGTON -- Responding to the Supreme Court's ruling Thursday to overturn corporate spending limits in federal elections, progressive firebrand Rep. Alan Grayson (D-FL) immediately highlighted a series of moves to "avoid the terrible consequences of the decision." "If we do nothing then I think you can kiss your country goodbye," Grayson told Raw Story in an interview just hours after the decision was announced...Link

Special Comment - Keith Olbermann's Name-Calling

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Jared Allen and a spear.

America..........Fuck Yah.

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Acid Rain?...............

Dodd and Gregg Block Audit.............

A House-passed provision to open up the Federal Reserve to an audit by the Government Accountability Office is unlikely to be included in the Senate reform package, Barney Frank told a meeting of House Financial Services Committee members Wednesday, according to people in the room. Frank, chairman of the committee, told the members that Senate Banking Committee Chairman Chris Dodd (D-Conn.) told him that he had assured Sen. Judd Gregg (R-N.H.) that it wouldn't be a part of the bill. Gregg has been a strident opponent of the effort to open the Fed to an audit...Link