Bernie has it Right

By Michael Kitchen

LOS ANGELES (MarketWatch) — Sen. Bernie Sanders said late Wednesday he has placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. The independent from Vermont said in a statement that “the American people did not bargain for … another four years for one of the key architects of the Bush economy.” He said Bernanke failed to provide adequate credit to small and medium-sized businesses and didn’t push “large bailed-out banks” to lower interest rates on credit cards, among other criticisms.