In the mode of the unlamented former head of FEMA, Michael(you're doing a heckuva job Brownie) Brown, Bush has nominated for a seat on the Federal Reserve Board an unknown political hack with no qualifications. This person who works in the White House is the son-in-law of a very large contributor to the Bush re-election campaign fund.
This is political patronage at it's worst. There are plenty of highly paid jobs in the system to put people like this where they can do minimum harm.
The Federal Reserve is NOT such a place.
http://www.sun-sentinel.com/business/local/sfl-zfed11feb11,0,7906958.story?coll=sfla-business-front
Added later: I'm wondering if this nomination of a former Morgan Stanley employe to the Fed Board has anything to do with Bush's idiotic plan to privatize Social Security? Obviously the big Wall Street money boys are fully behind this wreckage plan. They would benefit bigtime from privatization, and I'm sure would be happy to have a willing tool on the Fed.
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