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Rep. Eric Massa Calls On Senate To Reject Reconfirmation Of Federal Reserve Chairman Ben Bernanke

Press Release

Location: Washington, DC

Today Rep. Eric Massa called on the United States Senate to reject the reconfirmation of Federal Reserve Chairman Ben Bernanke. Mr. Bernanke's term runs from February 1, 2006 - January 31st, 2010 and right now the Senate is busy determining whether he deserves another term. Rep. Massa, who opposed the TARP banking bailout before he was sworn into office and has voted against it after becoming a Congressman, has been lobbying Senators for several days to reject Bernanke.

"Ben Bernanke will probably go down in history as the worst Federal Reserve Chairman ever," said Rep. Eric Massa. "Families in my Congressional District are still suffering through the recession that spiraled out of control under his watch and I think it's time for Mr. Bernanke to be held accountable and ousted from his Chairmanship. When I think of Ben Bernanke, I think of the gigantic Wall Street bailout, constituents seeing their credit card interest rates going up to 30% for no apparent reason, and families being kicked out of their homes by predatory lenders. Enough is enough, we've had an unacceptable level of failure under Ben Bernanke's tenure and it's time for a change in leadership. Above all else, I think this man should go because small businesses in my district and all around the country are telling me that nobody's seen real access to credit other than the big banks since the bailout, and I think that's nothing more than a payoff to Wall Street."

"While I am not a member of the Senate and ultimately do not have a vote on this issue, as an elected Representative it is my responsibility to call it as I see it."

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