{"id":237264,"date":"2010-01-27T14:30:48","date_gmt":"2010-01-27T19:30:48","guid":{"rendered":"http:\/\/blogs.reuters.com\/james-pethokoukis\/?p=3278"},"modified":"2010-01-27T14:30:48","modified_gmt":"2010-01-27T19:30:48","slug":"hello-they-must-be-going","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/237264","title":{"rendered":"Hello, they must be going"},"content":{"rendered":"<p><a href=\"http:\/\/blog.atimes.net\/?p=1339\">David Goldman<\/a> lays it all out:<\/p>\n<blockquote>\n<p>Drastic steps are required to restore credibility and confidence.<\/p>\n<p>1) Ben Bernanke should withdraw from consideration for a second term as Fed Chairman. President Obama should appoint former Fed Chairman Paul Volcker in his place. If Volcker, who is 82 years old, feels unable to accept the nomination for a full term, he should serve as Interim Chairman and head a search committee including bipartisan Congressional representation to find a permanent successor. If Bernanke insists on pursuing a second term, the Senate should vote him out.<\/p>\n<p>2) Treasury Secretary Geithner should resign. Whether or not he engaged in wrongdoing, his capacity to execute his office is damaged beyond repair.<\/p>\n<p>I took issue with Paul Volcker\u2019s proposal to ban bank proprietary trading, but that is a minor issue. Volcker\u2019s distinguished career and unimpeachable integrity make him the man of the hour. I\u2019ll take Volcker\u2019s worst moments over Bernanke\u2019s best.<\/p>\n<p>This is not a partisan issue. The alleged malfeasance occurred under the previous administration, and Volcker became Fed Chairman under the Carter Administration. America can\u2019t afford to heap onto the present economic crisis yet another crisis &#8211; of integrity.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>David Goldman lays it all out: Drastic steps are required to restore credibility and confidence. 1) Ben Bernanke should withdraw from consideration for a second term as Fed Chairman. President Obama should appoint former Fed Chairman Paul Volcker in his place. If Volcker, who is 82 years old, feels unable to accept the nomination for [&hellip;]<\/p>\n","protected":false},"author":1063,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-237264","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/237264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1063"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=237264"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/237264\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=237264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=237264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=237264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}