Diamond Mortgage Blog

This question has been really running through my mind. Who is really in charge of the United States of America? Obama or Bernanke

I have just been watching Bernanke move the US money supply. He is a very powerful guy and every time he speaks he makes the markets move up or down. He had influence on Bank of America to buy Merrril Lynch.

On the other hand we have the greatest salesman in the country. Obama! Our President. He has the power to veto anything but can't tell Bernanke what to do. The President selects the Fed Chairman.

Do you think Bernanke will be pick for another term? What is you view on this question? Do your homework about the Fed, when & how they were created.