honored by an organization that has previously named people like joseph stalin twice, yasser arafat, adolf hitler the ayatollah khomeini, vlad mire putin, richard nixon twice as their person of the year. but, i congratulate him and hope he at least turns out better than most of those people. four years ago when chairman bernanke was first nominated to be chairman of the federal reserve, i was the only senator to vote against him. in fact, i was the only senator even to raise serious concerns about his nomination. i opposed him because i knew he would continue the legacy of alan greenspan and i was right. but, i did not know how right i would be and could not imagine how wrong he would be in the following four years. from monetary policy to regulation, consumer protection, transparency, and independence, chairman bernanke's time has fed chair has been a failure. we must put an end to his and the federal reserve's failures and there is no better time than now. as i said two weeks ago, the greenspan legacy on monetary policy was breaking from the tailor rule to provide easy money and, thus, inflate

honored by an organization that has previously named people like joseph stalin twice, yasser arafat, adolf hitlerh khomeini, vlad mire putin, richard nixon twice as their person of the year. but, i congratulate him and hope he at least turns out better than most of those people. four years ago when chairman bernanke was first nominated to be chairman of the federal reserve, i was the only senator to vote against him. in fact, i was the only senator even to raise serious concerns about his nomination. i opposed him because i knew he would continue the legacy of alan greenspan and i was right. but, i did not know how right i would be and could not imagine how wrong he would be in the following four years. from monetary policy to regulation, consumer protection, transparency, and independence, chairman bernanke's time has fed chair has been a failure. we must put an end to his and the federal reserve's failures and there is no better time than now. as i said two weeks ago, the greenspan legacy on monetary policy was breaking from the tailor rule to provide easy money and, thus, inflate bubbles. not

by an organization that has previously named people like josef stalin twice, yaws sar arafat, adolf hitlerr person of the year. but i congratulate him and hope he at least turns out better than most of those people. four years ago when chairman bernanke was first nominated to be chairman of the federal reserve i was the only senator to vote against him. in fact i was the only senator even to raise serious concerns about his nomination. i opposed him because i knew he would continue the legacy of alan greenspan and i was right. but i did not know how right i would be and could not imagine how wrong he would be in the following four years. from monetary policy to regulation, consumer protection, transparency and independence, chairman bernanke's time as fed chair has been a failure. we must put an end to his and the federal reserve's failures and there is no better time than now. as i said two weeks ago, the greenspan legacy on monetary policy was breaking from the taylor rule to provide easy money and thus inflate bubbles. not only did chairman bernanke continue that policy, when he took co