Wall Street's Latest Worry: Life Without Bernanke

In the turmoil of the current recession, China's economy growing rapidly, and the democrats losing the Mass. Senate seat, the vote to reconfirm Bernanke as the Fed's Chairman. This comes after more Senators have come out against voting to reconfirm Bernanke for another term. His current term is terminating at the end of the month. Wall Street has grown trustworthy that Bernanke will raise interest rates in time to control inflation so that we can continue our path towards economic growth. Bernanke is the reason why we didn't fall further into recession and if he is removed from office Wall Street's confidence in the government will be shaken. This comes a day after Obama announced his plans to put tighter restrictions on big banks. As the market showed towards the end of the week that removing Bernanke might send the economy into a downfall. The next question is who would take Bernanke's place as chairman. There is no sure predecessor to Bernanke, which is another scare for the economy. Keep in mind this was written by the "Fair & Balanced news," Fox.