Friday, January 22, 2010

Worrisome Political Development: Bernanke Confirmation Unclear

Earlier this week, I published an interview with Warren Buffett. He indicated that if Mr. Bernanke is not reappointed as Fed chairman, he would be a seller of stocks.

I agree. I think that Bernanke did a masterful job of pulling the financial system from the brink. The recovery in the economy and the financial system is still fragile, and could easily be derailed by ill-informed decisions.