Begich Statement on Bernanke Confirmation
U.S. Sen. Mark Begich issued the following statement Jan. 28 after he voted against the confirmation of Ben Bernanke for a second term as chairman of the Federal Reserve Board:
"As President Obama pointed out in his State of the Union address Wednesday night, greed and recklessness by the Wall Street financial industry nearly brought down our entire economy. The official President Bush installed to oversee that industry - and who President Obama re-nominated - was Ben Bernanke.
"Like most other Americans, the international recession is hurting Alaskans, driving our state unemployment rate and home foreclosures to record highs. The federal government, especially those responsible for regulating Wall Street, needs a wake-up call that they must do more to help everyday Americans and keep our economic recovery on track. That's my message to the President in voting against Mr. Bernanke."