Video: Andrea Mitchell with CNBC's Steve Liesman and Chuck Todd -- January 22
Mitchell calls Ben Bernanke 'the innovator', we think 'the monetizer' is more fitting given his penchant for quantitative easing his way through the MBS and Treasury markets. Though we doubt its authenticity, Chuck Todd says that Obama might be willing to sacrifice Tim Geithner to save Bernanke.
No surprise there if it were true, as Geithner will be gone after the November elections, as he heads to Goldman Sachs or Morgan Stanley, whereas reconfirmation for Bernanke means a minimum of 4 more years as Federal Reserve Chairman.
Liesman actually does a decent job of explaining the chasm over Bernanke, but he fails to point out one salient detail. The entire pro-Bernanke crowd is made up of 2 component groups -- the first group is clueless and honestly doesn't understand Bernanke's role in creating the crisis; the second group is simply CAPTURED by Wall Street and Fed interests.
Mitchell takes a shot at Senate leader Harry Reid right as the clip ends.
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(Just a screenshot...video is above)
